Seizert Capital Partners LLC grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 23.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,348 shares of the company's stock after acquiring an additional 40,976 shares during the period. Builders FirstSource comprises approximately 1.9% of Seizert Capital Partners LLC's holdings, making the stock its 22nd largest position. Seizert Capital Partners LLC owned about 0.18% of Builders FirstSource worth $41,554,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new stake in shares of Builders FirstSource during the third quarter valued at $267,132,000. Boston Partners grew its holdings in Builders FirstSource by 0.8% during the 1st quarter. Boston Partners now owns 1,377,335 shares of the company's stock worth $285,794,000 after acquiring an additional 10,551 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $255,867,000. Massachusetts Financial Services Co. MA lifted its stake in Builders FirstSource by 339.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company's stock valued at $163,373,000 after buying an additional 911,990 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Builders FirstSource by 22.7% during the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company's stock worth $147,059,000 after acquiring an additional 196,571 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Cleveland A. Christophe sold 10,000 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on BLDR. Truist Financial upgraded shares of Builders FirstSource from a "hold" rating to a "buy" rating and lifted their price target for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Bank of America raised their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Loop Capital upped their target price on Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. The Goldman Sachs Group began coverage on Builders FirstSource in a research note on Thursday, October 10th. They issued a "buy" rating and a $225.00 price objective on the stock. Finally, Baird R W upgraded Builders FirstSource from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $206.47.
Read Our Latest Research Report on Builders FirstSource
Builders FirstSource Trading Down 2.7 %
BLDR traded down $4.92 during trading on Friday, hitting $176.28. The company's stock had a trading volume of 1,073,012 shares, compared to its average volume of 1,395,817. The stock has a market cap of $20.29 billion, a PE ratio of 17.21, a PEG ratio of 0.98 and a beta of 2.08. Builders FirstSource, Inc. has a twelve month low of $129.80 and a twelve month high of $214.70. 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 firm's 50 day moving average price is $185.83 and its 200-day moving average price is $168.18.
Builders FirstSource (NYSE:BLDR - Get Free Report) last issued 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 business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business's quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the company earned $4.24 earnings per share. On average, analysts expect that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.
Builders FirstSource declared that its board has initiated a share buyback program on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its shares are undervalued.
Builders FirstSource Company Profile
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Free Report)
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.
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