Baillie Gifford & Co. Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Baillie Gifford & Co. acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,377,962 shares of the company's stock, valued at approximately $267,132,000. Baillie Gifford & Co. owned 1.18% of Builders FirstSource as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Sei Investments Co. grew its stake in Builders FirstSource by 199.9% during the first quarter. Sei Investments Co. now owns 88,049 shares of the company's stock worth $18,363,000 after buying an additional 58,694 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Builders FirstSource by 73.2% in the first quarter. QRG Capital Management Inc. now owns 16,394 shares of the company's stock valued at $3,419,000 after purchasing an additional 6,927 shares during the period. Qsemble Capital Management LP purchased a new position in shares of Builders FirstSource in the first quarter valued at $237,000. Russell Investments Group Ltd. boosted its stake in shares of Builders FirstSource by 12.1% in the first quarter. Russell Investments Group Ltd. now owns 245,536 shares of the company's stock valued at $51,214,000 after purchasing an additional 26,430 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Builders FirstSource by 5.1% in the first quarter. US Bancorp DE now owns 10,101 shares of the company's stock valued at $2,107,000 after purchasing an additional 490 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BLDR. Loop Capital upped their price target on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a "buy" rating in a report on Friday, September 20th. Stephens upped their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Barclays increased their target price on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Jefferies Financial Group increased their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, Benchmark dropped their target price 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. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.47.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Builders FirstSource Stock Down 2.2 %

BLDR traded down $4.10 during midday trading on Tuesday, hitting $179.49. 441,029 shares of the company's stock traded hands, compared to its average volume of 1,572,280. The company has a market cap of $20.66 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 0.99 and a beta of 2.08. The stock's fifty day simple moving average is $184.98 and its 200-day simple moving average is $168.25. 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 one year low of $121.43 and a one year high of $214.70.

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). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the business earned $4.24 EPS. The company's revenue for the quarter was down 6.7% on a year-over-year basis. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are 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.