ING Groep NV Has $6.02 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

ING Groep NV raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 1,939.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,075 shares of the company's stock after acquiring an additional 29,551 shares during the quarter. ING Groep NV's holdings in Builders FirstSource were worth $6,024,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Forsta AP Fonden raised its position in shares of Builders FirstSource by 12.1% during the third quarter. Forsta AP Fonden now owns 26,800 shares of the company's stock worth $5,195,000 after purchasing an additional 2,900 shares during the period. Cetera Investment Advisers lifted its stake in Builders FirstSource by 762.2% during the first quarter. Cetera Investment Advisers now owns 50,982 shares of the company's stock valued at $10,632,000 after buying an additional 45,069 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Builders FirstSource by 21.1% in the first quarter. Janus Henderson Group PLC now owns 20,013 shares of the company's stock worth $4,173,000 after buying an additional 3,483 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Builders FirstSource by 18.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company's stock worth $16,055,000 after acquiring an additional 18,223 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Builders FirstSource during the first quarter valued at approximately $3,448,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $4.92 on Friday, hitting $176.28. 1,073,012 shares of the company were exchanged, compared to its average volume of 1,568,045. Builders FirstSource, Inc. has a one year low of $129.80 and a one year high of $214.70. The firm has a market capitalization of $20.29 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.00 and a beta of 2.08. The company's 50 day moving average price is $185.83 and its two-hundred day moving average price is $168.28. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

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

Builders FirstSource announced that its board has authorized a share buyback plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company's stock in a transaction dated 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 directly owns 33,083 shares of the company's stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Benchmark lowered their price objective on shares of Builders FirstSource from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Wedbush reissued an "outperform" rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, November 6th. Stephens raised their price objective on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. UBS Group started coverage on shares of Builders FirstSource in a report on Friday, October 25th. They set a "buy" rating and a $232.00 price target on the stock. Finally, Stifel Nicolaus dropped their price objective on Builders FirstSource from $217.00 to $195.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $206.47.

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.