Moloney Securities Asset Management LLC Makes New $1.04 Million Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Moloney Securities Asset Management LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,379 shares of the company's stock, valued at approximately $1,043,000.

Several other institutional investors also recently bought and sold shares of BLDR. Boston Partners boosted its holdings in Builders FirstSource by 0.8% in the first quarter. Boston Partners now owns 1,377,335 shares of the company's stock valued at $285,794,000 after purchasing an additional 10,551 shares during the period. Massachusetts Financial Services Co. MA grew its position in Builders FirstSource by 339.8% in 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 buying an additional 911,990 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Builders FirstSource by 22.7% during the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company's stock worth $147,059,000 after purchasing an additional 196,571 shares in the last quarter. William Blair Investment Management LLC grew its position in Builders FirstSource by 1.2% during the second quarter. William Blair Investment Management LLC now owns 1,051,461 shares of the company's stock worth $145,533,000 after buying an additional 12,518 shares during the period. Finally, Anomaly Capital Management LP increased its position in Builders FirstSource by 22.5% during the second quarter. Anomaly Capital Management LP now owns 1,020,441 shares of the company's stock worth $141,239,000 after buying an additional 187,371 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the sale, the director now owns 95,333 shares of the company's stock, valued at $14,650,775.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BLDR shares. Benchmark decreased their target price on Builders FirstSource from $220.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Truist Financial raised Builders FirstSource from a "hold" rating to a "buy" rating and increased their target price for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. Bank of America raised their target price on Builders FirstSource from $165.00 to $198.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Loop Capital lifted their target price on Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Finally, Robert W. Baird increased their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.88.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded down $4.21 during trading on Wednesday, reaching $176.78. The company had a trading volume of 3,329,910 shares, compared to its average volume of 1,577,671. The stock has a market capitalization of $20.59 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 10.15 and a beta of 2.08. Builders FirstSource, Inc. has a twelve month low of $120.80 and a twelve month high of $214.70. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average price of $184.50 and a two-hundred day moving average price of $168.39.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly 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). The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.44 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business's quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the firm earned $4.24 EPS. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.69 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback program on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

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.