Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,894 shares of the company's stock after acquiring an additional 2,993 shares during the period. Whittier Trust Co. of Nevada Inc. owned 0.06% of Builders FirstSource worth $14,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Innealta Capital LLC bought a new stake in Builders FirstSource in the second quarter worth approximately $27,000. Armstrong Advisory Group Inc. bought a new stake in Builders FirstSource in the 3rd quarter valued at $30,000. Westside Investment Management Inc. bought a new stake in Builders FirstSource in the 1st quarter valued at $31,000. ORG Partners LLC bought a new stake in Builders FirstSource in the 1st quarter valued at $33,000. Finally, First Horizon Advisors Inc. boosted its holdings in Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock valued at $35,000 after purchasing an additional 75 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BLDR shares. Truist Financial upgraded shares of Builders FirstSource from a "hold" rating to a "buy" rating and increased their price objective for the company from $165.00 to $220.00 in a research note on Monday, September 16th. Loop Capital increased their target price on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. Stifel Nicolaus dropped their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Jefferies Financial Group increased 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. Finally, Robert W. Baird increased their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Builders FirstSource has an average rating of "Moderate Buy" and a consensus target price of $198.38.

Insider Activity 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 stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the transaction, the director now owns 95,333 shares of the company's stock, valued at approximately $14,650,775.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

Builders FirstSource Trading Down 5.2 %

Builders FirstSource stock traded down $10.13 during trading hours on Monday, hitting $184.84. The company had a trading volume of 1,266,201 shares, compared to its average volume of 1,582,596. 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 $22.56 billion, a P/E ratio of 16.69, a P/E/G ratio of 11.48 and a beta of 2.06. The company has a 50-day moving average price of $181.78 and a two-hundred day moving average price of $169.39. Builders FirstSource, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70.

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

Builders FirstSource declared that its board has initiated a stock buyback program on Tuesday, August 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

Builders FirstSource Company 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.