Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Commerce Bank

Commerce Bank grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 2.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 338,898 shares of the company's stock after buying an additional 9,557 shares during the period. Commerce Bank owned approximately 0.29% of Builders FirstSource worth $65,699,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BLDR. Baillie Gifford & Co. acquired a new position in Builders FirstSource in the third quarter valued at approximately $267,132,000. Boston Partners increased its position in shares of Builders FirstSource by 0.8% during the first quarter. Boston Partners now owns 1,377,335 shares of the company's stock worth $285,794,000 after acquiring an additional 10,551 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of Builders FirstSource in the 3rd quarter valued at about $255,867,000. Massachusetts Financial Services Co. MA increased its holdings in Builders FirstSource by 339.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company's stock valued at $163,373,000 after buying an additional 911,990 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Builders FirstSource by 22.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company's stock valued at $147,059,000 after acquiring an additional 196,571 shares during the period. Institutional investors own 95.53% of the company's stock.

Insider Buying and Selling at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares of the company's stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Stock Down 2.8 %

BLDR stock traded down $5.06 during trading on Wednesday, reaching $173.75. 578,478 shares of the company traded hands, compared to its average volume of 1,559,028. 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 market capitalization of $20.00 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 0.98 and a beta of 2.08. The business has a 50 day simple moving average of $186.23 and a 200 day simple moving average of $167.87. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued 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 return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.44 billion. During the same quarter in the previous year, the firm posted $4.24 earnings per share. The firm's revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Stephens upped their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Bank of America increased their target price on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th. Truist Financial raised shares of Builders FirstSource from a "hold" rating to a "buy" rating and increased their target price for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. B. Riley cut their target price on shares of Builders FirstSource from $197.00 to $187.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Finally, Barclays raised their price objective on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.