Empowered Funds LLC Sells 48,432 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Empowered Funds LLC decreased its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 51.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,394 shares of the company's stock after selling 48,432 shares during the quarter. Empowered Funds LLC's holdings in Builders FirstSource were worth $8,800,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. acquired a new stake in shares of Builders FirstSource in the third quarter worth $267,132,000. Diamond Hill Capital Management Inc. bought a new position in Builders FirstSource during the third quarter worth $255,867,000. Massachusetts Financial Services Co. MA raised its stake in Builders FirstSource by 339.8% during 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 purchasing an additional 911,990 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Builders FirstSource by 109.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company's stock valued at $175,366,000 after purchasing an additional 473,238 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Builders FirstSource by 477,028.7% in the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company's stock worth $93,535,000 after purchasing an additional 448,407 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares of the company's stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded down $4.92 during trading on Friday, hitting $176.28. 1,073,012 shares of the stock were exchanged, compared to its average volume of 1,568,045. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The company has a fifty day moving average price of $185.83 and a 200-day moving average price of $168.18. The stock has a market capitalization of $20.29 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.00 and a beta of 2.08. Builders FirstSource, Inc. has a 1-year low of $129.80 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $4.24 earnings per share. As a group, equities analysts predict that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a share buyback program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

BLDR has been the subject of several recent research reports. Benchmark cut their price target on Builders FirstSource from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada raised their target price on Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. UBS Group initiated coverage on shares of Builders FirstSource in a report on Friday, October 25th. They issued a "buy" rating and a $232.00 price target on the stock. Stifel Nicolaus reduced their price objective on shares of Builders FirstSource from $217.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Barclays lifted their target price 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 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.