Stratos Wealth Partners LTD. Raises Position in Builders FirstSource, Inc. (NYSE:BLDR)

Stratos Wealth Partners LTD. lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 29.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,598 shares of the company's stock after acquiring an additional 9,025 shares during the period. Stratos Wealth Partners LTD.'s holdings in Builders FirstSource were worth $7,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Mexico Educational Retirement Board increased its stake in Builders FirstSource by 512.3% in the first quarter. New Mexico Educational Retirement Board now owns 39,800 shares of the company's stock valued at $8,300,000 after purchasing an additional 33,300 shares in the last quarter. SG Americas Securities LLC raised its stake in Builders FirstSource by 273.0% during the 1st quarter. SG Americas Securities LLC now owns 62,622 shares of the company's stock worth $13,060,000 after buying an additional 45,832 shares during the period. Cetera Investment Advisers boosted its holdings in Builders FirstSource by 762.2% in the first quarter. Cetera Investment Advisers now owns 50,982 shares of the company's stock worth $10,632,000 after acquiring an additional 45,069 shares in the last quarter. Janus Henderson Group PLC grew its stake in Builders FirstSource by 21.1% in the first quarter. Janus Henderson Group PLC now owns 20,013 shares of the company's stock valued at $4,173,000 after acquiring an additional 3,483 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Builders FirstSource by 18.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company's stock valued at $16,055,000 after acquiring an additional 18,223 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BLDR shares. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They issued a "buy" rating and a $225.00 price target for the company. Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Oppenheimer raised their price target on shares of Builders FirstSource from $205.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, September 18th. Benchmark decreased their price objective on Builders FirstSource from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Finally, Robert W. Baird increased their price objective on Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and an average price target of $198.38.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the business's stock in a transaction 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 owns 95,333 shares of the company's stock, valued at $14,650,775.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.80% of the company's stock.

Builders FirstSource Stock Performance

BLDR stock traded down $0.40 during mid-day trading on Friday, hitting $194.97. The company had a trading volume of 875,298 shares, compared to its average volume of 1,584,125. 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 firm has a market cap of $23.80 billion, a PE ratio of 16.69, a price-to-earnings-growth 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 stock's fifty day moving average price is $181.78 and its two-hundred day moving average price is $169.39.

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

Builders FirstSource declared that its board has approved a share repurchase plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management 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.