National Pension Service Purchases 4,399 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

National Pension Service boosted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,599 shares of the company's stock after buying an additional 4,399 shares during the quarter. National Pension Service owned approximately 0.16% of Builders FirstSource worth $37,725,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BLDR. Robeco Institutional Asset Management B.V. boosted its position in shares of Builders FirstSource by 109.7% in the third 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 period. Van ECK Associates Corp boosted its holdings in Builders FirstSource by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 20,676 shares of the company's stock valued at $3,706,000 after purchasing an additional 2,050 shares during the period. Prosperitas Financial LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at about $234,000. Farther Finance Advisors LLC lifted its stake in shares of Builders FirstSource by 8.4% in the third quarter. Farther Finance Advisors LLC now owns 4,969 shares of the company's stock valued at $963,000 after buying an additional 384 shares during the period. Finally, Affinity Investment Advisors LLC grew its position in Builders FirstSource by 40.9% during the third quarter. Affinity Investment Advisors LLC now owns 4,098 shares of the company's stock worth $794,000 after buying an additional 1,190 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BLDR has been the subject of a number of research reports. Stephens raised their price objective on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday. DA Davidson raised their target price on Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday. UBS Group started 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 lowered their target price 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. Finally, Benchmark decreased their price objective on Builders FirstSource from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $206.47.

Builders FirstSource Trading Up 1.3 %

Shares of Builders FirstSource stock traded up $2.31 on Thursday, hitting $179.09. 1,826,371 shares of the company's stock traded hands, compared to its average volume of 1,116,530. Builders FirstSource, Inc. has a one year low of $120.80 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. The stock has a market capitalization of $20.86 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 10.17 and a beta of 2.08. The firm's 50-day moving average price is $184.58 and its two-hundred day moving average price is $168.44.

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 8.25% and a return on equity of 37.05%. 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. On average, research analysts expect that Builders FirstSource, Inc. will post 11.69 EPS for the current fiscal year.

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

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.