Builders FirstSource, Inc. (NYSE:BLDR) is Hauser Brothers GmbH's 5th Largest Position

Hauser Brothers GmbH increased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 9.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,900 shares of the company's stock after purchasing an additional 6,600 shares during the quarter. Builders FirstSource comprises about 11.3% of Hauser Brothers GmbH's holdings, making the stock its 5th largest position. Hauser Brothers GmbH owned 0.07% of Builders FirstSource worth $14,714,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in BLDR. Brooklyn Investment Group bought a new stake in Builders FirstSource during the third quarter worth about $28,000. Armstrong Advisory Group Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth about $30,000. Innealta Capital LLC purchased a new position in shares of Builders FirstSource in the 2nd quarter worth about $27,000. Reston Wealth Management LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter worth about $39,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth about $46,000. Institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their target price on Builders FirstSource from $217.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Robert W. Baird increased their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. DA Davidson increased their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Benchmark dropped their target price on Builders FirstSource from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Finally, Royal Bank of Canada upped their price target on Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $206.47.

Insider Buying and Selling at Builders FirstSource

In other 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 sale, the director now directly owns 33,083 shares of the company's stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company's stock.

Builders FirstSource Stock Performance

Shares of BLDR stock traded down $0.51 on Tuesday, reaching $184.31. The stock had a trading volume of 659,369 shares, compared to its average volume of 1,543,516. The stock has a market cap of $21.21 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 1.04 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The company has a 50 day simple moving average of $185.11 and a 200 day simple moving average of $168.62. 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 earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share 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 revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.24 earnings per share. Equities research analysts expect that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

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

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.