Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 55.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,986 shares of the company's stock after purchasing an additional 20,000 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Builders FirstSource were worth $10,853,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 worth $163,373,000 after acquiring an additional 911,990 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of 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 worth $175,366,000 after acquiring an additional 473,238 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of 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 acquiring an additional 448,407 shares during the last quarter. Clearbridge Investments LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at $49,000,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at $40,955,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Down 0.5 %

Shares of NYSE BLDR traded down $0.84 during trading hours on Friday, hitting $178.35. 1,353,117 shares of the stock were exchanged, compared to its average volume of 1,577,794. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The company has a market cap of $20.53 billion, a PE ratio of 17.49, a PEG ratio of 10.17 and a beta of 2.08. The firm has a fifty day moving average price of $184.71 and a 200-day moving average price of $168.52. Builders FirstSource, Inc. has a 12 month low of $120.80 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted 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 firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company's revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.24 EPS. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 11.69 EPS for the current year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 5.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

BLDR has been the topic of a number of analyst reports. Oppenheimer restated an "outperform" rating and set a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. Stephens lifted their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday. Robert W. Baird lifted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Wedbush reaffirmed an "outperform" rating and set a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday. Finally, Loop Capital boosted their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Five equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.47.

About Builders FirstSource

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.