7,135 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,135 shares of the company's stock, valued at approximately $1,383,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cyndeo Wealth Partners LLC raised its position in shares of Builders FirstSource by 3.7% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company's stock valued at $305,000 after purchasing an additional 56 shares during the last quarter. World Equity Group Inc. grew its holdings in shares of Builders FirstSource by 4.1% during the third quarter. World Equity Group Inc. now owns 1,632 shares of the company's stock valued at $316,000 after buying an additional 64 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Builders FirstSource by 0.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company's stock valued at $1,417,000 after acquiring an additional 74 shares during the period. First Horizon Advisors Inc. raised its stake in Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock worth $35,000 after acquiring an additional 75 shares during the last quarter. Finally, Csenge Advisory Group lifted its position in Builders FirstSource by 1.9% during the 2nd quarter. Csenge Advisory Group now owns 4,252 shares of the company's stock worth $589,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Insider Activity

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the transaction, the director now directly owns 33,083 shares of the company's stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of research reports. Wedbush reaffirmed an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, November 6th. DA Davidson upped their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. The Goldman Sachs Group began coverage on Builders FirstSource in a report on Thursday, October 10th. They set a "buy" rating and a $225.00 target price on the stock. Finally, Oppenheimer reissued an "outperform" rating and issued a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Five equities 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $206.47.

Builders FirstSource Trading Up 1.5 %

BLDR stock traded up $2.61 during trading on Friday, reaching $178.52. 825,896 shares of the stock were exchanged, compared to its average volume of 1,439,577. The business has a 50 day moving average price of $186.23 and a 200-day moving average price of $167.82. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $20.54 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 0.98 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business's revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the company earned $4.24 EPS. On average, research analysts predict that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has authorized a share repurchase plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board 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.