Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors lifted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 23.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,682 shares of the company's stock after purchasing an additional 5,489 shares during the period. Captrust Financial Advisors' holdings in Builders FirstSource were worth $5,560,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BLDR. Icon Wealth Advisors LLC acquired a new stake in shares of Builders FirstSource in the 3rd quarter worth about $240,000. Hantz Financial Services Inc. acquired a new position in Builders FirstSource in the third quarter valued at approximately $3,538,000. De Lisle Partners LLP raised its holdings in shares of Builders FirstSource by 11.3% in the 3rd quarter. De Lisle Partners LLP now owns 75,001 shares of the company's stock valued at $14,548,000 after acquiring an additional 7,600 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in Builders FirstSource in the third quarter worth $603,000. Finally, Blueshift Asset Management LLC boosted its stake in Builders FirstSource by 33.3% during the third quarter. Blueshift Asset Management LLC now owns 4,933 shares of the company's stock valued at $956,000 after buying an additional 1,232 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada boosted their price objective 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. 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 report on Wednesday, October 9th. Truist Financial raised Builders FirstSource from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Baird R W raised Builders FirstSource from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 7th. Finally, Robert W. Baird raised their target price on Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.47.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Stock Performance

Shares of BLDR traded down $0.35 during mid-day trading on Tuesday, hitting $184.47. The stock had a trading volume of 659,369 shares, compared to its average volume of 1,262,472. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The business has a fifty day moving average price of $185.11 and a 200-day moving average price of $168.62. The firm has a market cap of $21.23 billion, a P/E ratio of 18.01, a PEG ratio of 1.03 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (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 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. Builders FirstSource's revenue was down 6.7% on a year-over-year basis. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource declared that its board has initiated 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 buy up to 5.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are 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.