Oakworth Capital Inc. Acquires Shares of 211,259 Builders FirstSource, Inc. (NYSE:BLDR)

Oakworth Capital Inc. purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 211,259 shares of the company's stock, valued at approximately $40,955,000. Builders FirstSource comprises about 2.8% of Oakworth Capital Inc.'s portfolio, making the stock its 10th largest holding. Oakworth Capital Inc. owned approximately 0.17% of Builders FirstSource as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in Builders FirstSource by 339.8% during 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 purchasing an additional 911,990 shares during the last quarter. Bessemer Group Inc. grew its holdings in Builders FirstSource by 477,028.7% during the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company's stock valued at $93,535,000 after purchasing an additional 448,407 shares during the last quarter. Clearbridge Investments LLC bought a new position in Builders FirstSource during the 2nd quarter valued at about $49,000,000. Bank of New York Mellon Corp grew its holdings in Builders FirstSource by 22.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company's stock valued at $147,059,000 after purchasing an additional 196,571 shares during the last quarter. Finally, Anomaly Capital Management LP boosted its position in Builders FirstSource by 22.5% in the 2nd quarter. Anomaly Capital Management LP now owns 1,020,441 shares of the company's stock valued at $141,239,000 after buying an additional 187,371 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

Builders FirstSource stock traded down $4.22 during mid-day trading on Tuesday, reaching $180.62. 1,510,226 shares of the company traded hands, compared to its average volume of 1,582,218. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. Builders FirstSource, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The company has a market capitalization of $22.05 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 11.48 and a beta of 2.06. The firm's fifty day moving average is $182.41 and its two-hundred day moving average is $169.28.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.02 by $0.48. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the prior year, the business posted $3.89 EPS. Builders FirstSource's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts expect 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 initiated a share buyback program on Tuesday, August 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BLDR. Baird R W raised shares of Builders FirstSource from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 7th. Jefferies Financial Group boosted their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Benchmark lowered their price objective on shares of Builders FirstSource from $220.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada lowered their price objective on shares of Builders FirstSource from $193.00 to $178.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. Finally, B. Riley lowered their price objective on shares of Builders FirstSource from $197.00 to $187.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Four research 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. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.38.

Insider Buying and Selling at Builders FirstSource

In other news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction on Thursday, August 8th. The shares were 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 in the company, valued at $14,650,775.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

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.