Victory Capital Management Inc. Buys 178,449 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Victory Capital Management Inc. lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 46.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 564,895 shares of the company's stock after acquiring an additional 178,449 shares during the quarter. Victory Capital Management Inc. owned approximately 0.49% of Builders FirstSource worth $109,511,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Aptus Capital Advisors LLC acquired a new stake in Builders FirstSource in the third quarter worth $273,000. Ashton Thomas Private Wealth LLC raised its stake in shares of Builders FirstSource by 16.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,333 shares of the company's stock worth $258,000 after purchasing an additional 184 shares in the last quarter. Rakuten Securities Inc. lifted its stake in Builders FirstSource by 611.1% in the 3rd quarter. Rakuten Securities Inc. now owns 576 shares of the company's stock valued at $112,000 after purchasing an additional 495 shares during the last quarter. Baillie Gifford & Co. acquired a new position in Builders FirstSource in the 3rd quarter valued at about $267,132,000. Finally, Apollon Wealth Management LLC acquired a new stake in Builders FirstSource during the third quarter worth approximately $258,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Insiders Place Their Bets

In other 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 value 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 represents a 0.00 % 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 this hyperlink. Corporate insiders own 1.80% of the company's stock.

Builders FirstSource Trading Up 1.2 %

BLDR stock traded up $2.22 on Wednesday, reaching $180.87. The company's stock had a trading volume of 413,328 shares, compared to its average volume of 1,569,645. The firm has a market cap of $20.81 billion, a PE ratio of 17.71, a PEG ratio of 1.00 and a beta of 2.08. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a 12-month low of $127.49 and a 12-month high of $214.70. The business has a fifty day simple moving average of $185.19 and a two-hundred day simple moving average of $168.18.

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). The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. Builders FirstSource's revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.24 earnings per share. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource declared that its board has approved a stock repurchase program 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 stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently commented on BLDR. Stifel Nicolaus lowered their price target on Builders FirstSource from $217.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Robert W. Baird upped their target price on Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Royal Bank of Canada raised their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. DA Davidson upped their price target on Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Five 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $206.47.

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.