Banco Santander S.A. Acquires New Position in Builders FirstSource, Inc. (NYSE:BLDR)

Banco Santander S.A. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,640 shares of the company's stock, valued at approximately $706,000.

A number of other institutional investors also recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource during the third quarter worth $267,132,000. Diamond Hill Capital Management Inc. acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at about $255,867,000. Massachusetts Financial Services Co. MA grew its holdings in Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company's stock worth $163,373,000 after acquiring an additional 911,990 shares during the period. Robeco Institutional Asset Management B.V. raised its position in 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 in the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in Builders FirstSource by 4,099.0% in the third quarter. Mizuho Securities USA LLC now owns 395,000 shares of the company's stock valued at $76,575,000 after acquiring an additional 385,593 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred 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 completion of the sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.80% of the company's stock.

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 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. The business has a 50 day moving average price of $186.33 and a 200-day moving average price of $167.97. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released 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 firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.44 billion. During the same period in the previous year, the firm posted $4.24 EPS. The firm's quarterly revenue was down 6.7% compared to the same quarter last year. On average, research analysts predict that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Builders FirstSource announced that its board has initiated a stock buyback plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BLDR. Royal Bank of Canada increased their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Oppenheimer reiterated an "outperform" rating and set a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Jefferies Financial Group boosted their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Robert W. Baird lifted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Finally, B. Riley reduced their price objective on shares of Builders FirstSource from $197.00 to $187.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. 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 company's stock. According to MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and an average target price of $206.47.

Builders FirstSource Company 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.