Summit Global Investments Has $2.28 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Summit Global Investments lessened its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 37.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,758 shares of the company's stock after selling 6,951 shares during the period. Summit Global Investments' holdings in Builders FirstSource were worth $2,279,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BLDR. Boston Partners boosted its holdings in shares of Builders FirstSource by 0.8% in the first quarter. Boston Partners now owns 1,377,335 shares of the company's stock valued at $285,794,000 after buying an additional 10,551 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 period. Bank of New York Mellon Corp boosted its holdings in shares of Builders FirstSource by 22.7% in the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company's stock valued at $147,059,000 after buying an additional 196,571 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Builders FirstSource by 1.2% in the second quarter. William Blair Investment Management LLC now owns 1,051,461 shares of the company's stock valued at $145,533,000 after buying an additional 12,518 shares during the period. Finally, Anomaly Capital Management LP boosted its holdings in shares of Builders FirstSource by 22.5% in the second 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. Institutional investors own 95.53% of the company's stock.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource 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 of the company's stock, valued at $5,902,338.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company's stock.

Builders FirstSource Stock Performance

NYSE:BLDR traded down $0.84 during mid-day trading on Friday, reaching $178.35. 1,353,154 shares of the company's stock were exchanged, compared to its average volume of 1,310,087. Builders FirstSource, Inc. has a one year low of $120.80 and a one year high of $214.70. The firm has a market capitalization of $20.52 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 10.48 and a beta of 2.08. The business's fifty day simple moving average is $184.79 and its two-hundred day simple moving average is $168.52. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.14 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the business posted $4.24 earnings per share. Builders FirstSource's revenue was down 6.7% compared to the same quarter last year. Analysts anticipate that Builders FirstSource, Inc. will post 11.64 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has authorized a share repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They issued a "buy" rating and a $225.00 price target for the company. Truist Financial upgraded shares of Builders FirstSource from a "hold" rating to a "buy" rating and increased their target price for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Wedbush restated an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday. Baird R W upgraded shares of Builders FirstSource from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 7th. Finally, Oppenheimer restated an "outperform" rating and set a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $206.47.

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.