Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 69.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,437 shares of the company's stock after buying an additional 3,870 shares during the period. PNC Financial Services Group Inc.'s holdings in Builders FirstSource were worth $1,829,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at $1,383,000. Meeder Asset Management Inc. raised its position in shares of Builders FirstSource by 3,220.8% in the third quarter. Meeder Asset Management Inc. now owns 2,557 shares of the company's stock worth $496,000 after acquiring an additional 2,480 shares during the period. Whalen Wealth Management Inc. raised its stake in shares of Builders FirstSource by 6.4% during the 3rd quarter. Whalen Wealth Management Inc. now owns 4,887 shares of the company's stock worth $947,000 after buying an additional 295 shares during the period. Swiss National Bank grew its position in shares of Builders FirstSource by 0.4% in the third quarter. Swiss National Bank now owns 362,287 shares of the company's stock valued at $70,233,000 after purchasing an additional 1,300 shares during the period. Finally, Peterson Financial Group Inc. acquired a new position in shares of Builders FirstSource during the 3rd quarter worth about $71,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BLDR has been the topic of several research reports. Robert W. Baird raised their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Barclays boosted their target price on Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Stifel Nicolaus dropped their target price on Builders FirstSource from $217.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, August 8th. DA Davidson boosted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Finally, Benchmark reduced their price objective on shares of Builders FirstSource from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Five 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $206.47.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.80% of the company's stock.

Builders FirstSource Trading Down 1.7 %

NYSE BLDR opened at $185.77 on Wednesday. The company's 50 day moving average price is $186.26 and its 200 day moving average price is $168.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The firm has a market capitalization of $21.38 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.06 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company's revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.24 EPS. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource announced that its board has authorized a share buyback program on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase programs are generally 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.