Retireful LLC Acquires Shares of 4,136 Builders FirstSource, Inc. (NYSE:BLDR)

Retireful LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,136 shares of the company's stock, valued at approximately $802,000.

Several other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in shares of Builders FirstSource during the 1st quarter worth $3,448,000. UniSuper Management Pty Ltd raised its position in shares of Builders FirstSource by 328.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 6,212 shares of the company's stock worth $1,296,000 after acquiring an additional 4,762 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new position in Builders FirstSource during the 1st quarter worth approximately $220,000. Shell Asset Management Co. grew its stake in Builders FirstSource by 103.9% during the 1st quarter. Shell Asset Management Co. now owns 3,595 shares of the company's stock worth $750,000 after buying an additional 1,832 shares during the last quarter. Finally, Delap Wealth Advisory LLC purchased a new position in shares of Builders FirstSource in the 1st quarter valued at approximately $238,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent analyst reports. Royal Bank of Canada raised their price target on Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Wedbush reiterated an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, November 6th. Oppenheimer restated an "outperform" rating and set a $225.00 price target on shares of Builders FirstSource in a research note on Tuesday, October 29th. Baird R W upgraded Builders FirstSource from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 7th. Finally, B. Riley lowered their target price on Builders FirstSource from $197.00 to $187.00 and set a "buy" rating for the company in a research note 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $206.47.

Insider Activity at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the 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 completion of the transaction, the director now owns 33,083 shares of the company's stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Performance

NYSE BLDR traded down $3.86 on Wednesday, hitting $174.95. 1,476,287 shares of the stock were exchanged, compared to its average volume of 1,563,018. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The business's fifty day moving average is $186.33 and its 200 day moving average is $167.92. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a market capitalization of $20.13 billion, a PE ratio of 17.08, a P/E/G ratio of 0.98 and a beta of 2.08.

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

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