US Bancorp DE Acquires 3,911 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

US Bancorp DE increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 32.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,825 shares of the company's stock after acquiring an additional 3,911 shares during the quarter. US Bancorp DE's holdings in Builders FirstSource were worth $3,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BLDR. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $30,000. ORG Partners LLC purchased a new stake in Builders FirstSource during the first quarter valued at about $33,000. Innealta Capital LLC bought a new position in Builders FirstSource during the second quarter worth about $27,000. First Horizon Advisors Inc. increased its stake in shares of Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock worth $35,000 after purchasing an additional 75 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in Builders FirstSource in the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BLDR. DA Davidson lifted their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday. The Goldman Sachs Group assumed coverage on Builders FirstSource in a research report on Thursday, October 10th. They set a "buy" rating and a $225.00 price target on the stock. B. Riley lowered their price target on shares of Builders FirstSource from $197.00 to $187.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Benchmark reduced their price objective on shares of Builders FirstSource from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus lowered their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.88.

Insiders Place Their Bets

In related news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the sale, the director now directly owns 95,333 shares in the company, valued at $14,650,775.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded down $4.21 during trading hours on Wednesday, reaching $176.78. 3,329,234 shares of the stock traded hands, compared to its average volume of 1,577,668. The company has a market capitalization of $20.59 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 10.15 and a beta of 2.08. The company's 50-day simple moving average is $184.50 and its two-hundred day simple moving average is $168.39. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. Builders FirstSource, Inc. has a 52-week low of $120.80 and a 52-week high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the firm posted $4.24 earnings per share. The company's revenue was down 6.7% compared to the same quarter last year. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.69 EPS for the current year.

Builders FirstSource announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 5.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is 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.