Swedbank AB Has $8.81 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Swedbank AB increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 20.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,465 shares of the company's stock after buying an additional 7,774 shares during the quarter. Swedbank AB's holdings in Builders FirstSource were worth $8,814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Creative Planning grew its stake in Builders FirstSource by 35.6% during the 3rd quarter. Creative Planning now owns 12,963 shares of the company's stock valued at $2,513,000 after acquiring an additional 3,406 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of Builders FirstSource during the third quarter worth approximately $30,000. Exchange Traded Concepts LLC grew its position in Builders FirstSource by 33.1% during the third quarter. Exchange Traded Concepts LLC now owns 10,580 shares of the company's stock valued at $2,051,000 after purchasing an additional 2,633 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Builders FirstSource by 6.1% in the 3rd quarter. Gateway Investment Advisers LLC now owns 3,109 shares of the company's stock valued at $603,000 after buying an additional 180 shares during the period. Finally, Next Level Private LLC purchased a new stake in Builders FirstSource in the 3rd quarter worth approximately $204,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the sale, the director now directly owns 95,333 shares of the company's stock, valued at $14,650,775.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BLDR. Stifel Nicolaus dropped 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. B. Riley dropped their target price 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. Robert W. Baird lifted their price target on Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday. Truist Financial upgraded Builders FirstSource from a "hold" rating to a "buy" rating and increased their price objective for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Finally, Loop Capital lifted their target price on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and a consensus target price of $198.38.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded down $0.40 during midday trading on Friday, reaching $194.97. 868,063 shares of the company traded hands, compared to its average volume of 1,584,125. The firm has a market cap of $23.80 billion, a PE ratio of 16.73, a PEG ratio of 11.48 and a beta of 2.06. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83. The stock's 50-day simple moving average is $181.00 and its 200-day simple moving average is $169.90.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.48. The firm had revenue of $4.46 billion during the quarter, compared to analysts' expectations of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business's revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $3.89 EPS. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 11.68 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a share buyback program on Tuesday, August 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership 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.