Fisher Asset Management LLC Boosts Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Fisher Asset Management LLC boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,956 shares of the company's stock after buying an additional 3,307 shares during the period. Fisher Asset Management LLC owned approximately 0.15% of Builders FirstSource worth $33,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. purchased a new stake in Builders FirstSource during the 3rd quarter valued at about $30,000. Innealta Capital LLC purchased a new stake in Builders FirstSource during the 2nd quarter valued at about $27,000. Reston Wealth Management LLC purchased a new stake in Builders FirstSource during the 3rd quarter valued at about $39,000. First Horizon Advisors Inc. grew its stake in Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock valued at $35,000 after purchasing an additional 75 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Builders FirstSource during the 3rd quarter valued at about $50,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Cleveland A. Christophe sold 10,000 shares of the company's stock in a transaction dated 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 transaction, 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 can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Trading Down 1.7 %

BLDR opened at $185.77 on Wednesday. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The stock has a market capitalization of $21.38 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.06 and a beta of 2.08. 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 $186.26 and a 200 day moving average price of $168.02.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its 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 company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the firm earned $4.24 earnings per share. The company's revenue for the quarter was down 6.7% compared to the same quarter last year. Sell-side analysts expect that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has initiated a stock buyback program on Tuesday, August 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group assumed coverage on Builders FirstSource in a research note on Friday, October 25th. They issued a "buy" rating and a $232.00 target price on the stock. Oppenheimer restated an "outperform" rating and issued a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. Jefferies Financial Group increased their price target on Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. B. Riley lowered their price target on Builders FirstSource from $197.00 to $187.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Finally, Truist Financial upgraded Builders FirstSource from a "hold" rating to a "buy" rating and increased their price target for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource presently 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.