Wilkinson Global Asset Management LLC Increases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Wilkinson Global Asset Management LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 864.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,944 shares of the company's stock after buying an additional 62,694 shares during the period. Builders FirstSource accounts for approximately 0.8% of Wilkinson Global Asset Management LLC's investment portfolio, making the stock its 29th biggest position. Wilkinson Global Asset Management LLC owned approximately 0.06% of Builders FirstSource worth $13,559,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Innealta Capital LLC bought a new position in Builders FirstSource in the 2nd quarter valued at about $27,000. Armstrong Advisory Group Inc. bought a new position in Builders FirstSource in the third quarter valued at about $30,000. ORG Partners LLC acquired a new position in Builders FirstSource during the first quarter worth about $33,000. First Horizon Advisors Inc. grew its holdings in shares of Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock valued at $35,000 after purchasing an additional 75 shares during the last quarter. Finally, New Millennium Group LLC acquired a new stake in Builders FirstSource in the second quarter valued at approximately $38,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 1.5 %

Shares of Builders FirstSource stock traded up $2.63 on Thursday, reaching $179.41. The stock had a trading volume of 1,132,831 shares, compared to its average volume of 1,574,999. Builders FirstSource, Inc. has a 1 year low of $120.80 and a 1 year high of $214.70. The company has a 50 day moving average price of $184.58 and a 200 day moving average price of $168.44. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $20.89 billion, a P/E ratio of 15.52, a P/E/G ratio of 10.15 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued 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 analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. Builders FirstSource's revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $4.24 EPS. As a group, 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 initiated a share repurchase program on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

BLDR has been the subject of a number of research reports. B. Riley dropped their price objective on shares of Builders FirstSource from $197.00 to $187.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Baird R W upgraded shares of Builders FirstSource from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 7th. DA Davidson upped their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday. StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Robert W. Baird raised their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and a consensus price target 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.