Builders FirstSource, Inc. (NYSE:BLDR) Stake Lifted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 23.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,458,255 shares of the company's stock after purchasing an additional 277,897 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.27% of Builders FirstSource worth $282,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLDR. Integrated Investment Consultants LLC purchased a new stake in Builders FirstSource in the 3rd quarter valued at about $2,897,000. Landscape Capital Management L.L.C. purchased a new stake in Builders FirstSource in the 3rd quarter valued at about $810,000. King Luther Capital Management Corp grew its holdings in Builders FirstSource by 1.3% in the 3rd quarter. King Luther Capital Management Corp now owns 11,416 shares of the company's stock valued at $2,213,000 after buying an additional 149 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in Builders FirstSource in the 3rd quarter valued at about $219,000. Finally, Retireful LLC purchased a new stake in Builders FirstSource in the 3rd quarter valued at about $802,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on BLDR shares. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. UBS Group started coverage on Builders FirstSource in a report on Friday, October 25th. They issued a "buy" rating and a $232.00 price target for the company. Stephens boosted their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Barclays boosted their target price on Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Finally, Benchmark decreased 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. Five equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $206.47.

Builders FirstSource Stock Performance

Shares of BLDR opened at $178.52 on Friday. The business's 50 day moving average is $186.33 and its two-hundred day moving average is $167.97. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70. The firm has a market cap of $20.54 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 0.98 and a beta of 2.08. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

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

Builders FirstSource declared that its Board of Directors has approved a share buyback program 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 stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the company's stock in a transaction that occurred 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 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 position. The transaction 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 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.