KBC Group NV Has $13.86 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

KBC Group NV trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 57.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,483 shares of the company's stock after selling 98,372 shares during the quarter. KBC Group NV owned approximately 0.06% of Builders FirstSource worth $13,858,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLDR. Baillie Gifford & Co. acquired a new position in Builders FirstSource during the third quarter worth approximately $267,132,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource during the third quarter worth approximately $255,867,000. Massachusetts Financial Services Co. MA increased its stake in Builders FirstSource by 339.8% in the second 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 period. 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 acquiring an additional 473,238 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Builders FirstSource by 477,028.7% during the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company's stock worth $93,535,000 after buying an additional 448,407 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Trading Down 2.7 %

Shares of BLDR opened at $176.28 on Friday. The stock's fifty day simple moving average is $185.83 and its 200-day simple moving average is $168.18. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $20.29 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.00 and a beta of 2.08. Builders FirstSource, Inc. has a 12-month low of $129.80 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share 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%. The company's quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.24 EPS. As a group, research analysts predict that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a share buyback plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

BLDR has been the subject of several research analyst reports. The Goldman Sachs Group began coverage on Builders FirstSource in a research report on Thursday, October 10th. They issued a "buy" rating and a $225.00 price objective for the company. Robert W. Baird upped their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Stifel Nicolaus cut their price target on shares of Builders FirstSource from $217.00 to $195.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group boosted their target price on Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. 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 company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $206.47.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm'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 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 document filed with the SEC, which is accessible through the SEC website. Company 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.