AEGON ASSET MANAGEMENT UK Plc Acquires 18,964 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

AEGON ASSET MANAGEMENT UK Plc grew its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 26.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,457 shares of the company's stock after purchasing an additional 18,964 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.08% of Builders FirstSource worth $17,546,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in Builders FirstSource by 339.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company's stock valued at $163,373,000 after buying an additional 911,990 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Builders FirstSource by 109.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company's stock valued at $175,366,000 after acquiring an additional 473,238 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Builders FirstSource by 477,028.7% during the first quarter. Bessemer Group Inc. now owns 448,501 shares of the company's stock worth $93,535,000 after acquiring an additional 448,407 shares during the period. Clearbridge Investments LLC purchased a new position in Builders FirstSource in the second quarter worth $49,000,000. Finally, Oakworth Capital Inc. bought a new position in Builders FirstSource in the 3rd quarter valued at $40,955,000. Institutional investors own 95.53% of the company's stock.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of research analyst reports. Benchmark cut their price target on shares of Builders FirstSource from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Stifel Nicolaus dropped their price target on Builders FirstSource from $217.00 to $195.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They issued a "buy" rating and a $225.00 target price for the company. Wedbush reiterated an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday. Finally, Loop Capital upped their target price on Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $206.47.

Builders FirstSource Trading Down 0.5 %

Builders FirstSource stock traded down $0.84 during mid-day trading on Friday, reaching $178.35. 1,353,154 shares of the company traded hands, compared to its average volume of 1,310,087. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.14. Builders FirstSource, Inc. has a 52-week low of $120.80 and a 52-week high of $214.70. The firm has a market capitalization of $20.52 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 10.48 and a beta of 2.08. The firm's 50 day moving average price is $184.79 and its 200 day moving average price is $168.52.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource's quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.24 EPS. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.64 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback program on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Builders FirstSource Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.