Swedbank AB Purchases 7,774 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Swedbank AB lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 20.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,465 shares of the company's stock after acquiring an additional 7,774 shares during the quarter. Swedbank AB's holdings in Builders FirstSource were worth $8,814,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock valued at $282,697,000 after buying an additional 277,897 shares during the period. Baillie Gifford & Co. acquired a new position in shares of Builders FirstSource during the third quarter worth $267,132,000. Boston Partners grew its stake 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 worth $285,794,000 after purchasing an additional 10,551 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Builders FirstSource in the third quarter valued at $255,867,000. Finally, Bank of New York Mellon Corp raised its position 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 worth $147,059,000 after purchasing an additional 196,571 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group began coverage on Builders FirstSource in a research report on Friday, October 25th. They issued a "buy" rating and a $232.00 price target on the stock. Wedbush reissued an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, November 6th. Oppenheimer restated an "outperform" rating and issued a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Stephens increased their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Robert W. Baird boosted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus target price of $206.47.

Builders FirstSource Stock Performance

BLDR opened at $185.77 on Wednesday. The company has a market cap of $21.38 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.06 and a beta of 2.08. The company's fifty day moving average price is $186.26 and its two-hundred day moving average price is $168.02. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate 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 net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource's revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.24 EPS. On average, analysts expect that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback program on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares of the company's stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by insiders.

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.