Cypress Capital Group Sells 65 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Cypress Capital Group decreased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,509 shares of the company’s stock after selling 65 shares during the quarter. Cypress Capital Group’s holdings in Builders FirstSource were worth $874,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BLDR. Forsta AP Fonden grew its stake in Builders FirstSource by 12.1% in the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after purchasing an additional 2,900 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Builders FirstSource by 762.2% during the 1st quarter. Cetera Investment Advisers now owns 50,982 shares of the company’s stock worth $10,632,000 after purchasing an additional 45,069 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Builders FirstSource by 21.1% in the 1st quarter. Janus Henderson Group PLC now owns 20,013 shares of the company’s stock valued at $4,173,000 after acquiring an additional 3,483 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Builders FirstSource by 18.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company’s stock valued at $16,055,000 after acquiring an additional 18,223 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new position in Builders FirstSource in the 3rd quarter valued at $1,471,000. Institutional investors own 95.53% of the company’s stock.

Insider Transactions at Builders FirstSource

In other 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 transaction of $1,784,100.00. Following the completion of the transaction, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Stephens upped their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group began coverage on Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price for the company. Stifel Nicolaus reduced their price objective on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.47.

Builders FirstSource Trading Up 0.6 %

NYSE BLDR opened at $175.94 on Friday. The company’s fifty day simple moving average is $186.33 and its 200-day simple moving average is $167.92. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week 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. The stock has a market cap of $20.25 billion, a P/E ratio of 17.18, a PEG ratio of 1.00 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the company earned $4.24 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis. Equities research analysts predict that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource declared that its board has approved a share buyback plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

About Builders FirstSource

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.