Riversedge Advisors LLC Takes $202,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

Riversedge Advisors LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,044 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Builders FirstSource by 12.9% in the first quarter. GAMMA Investing LLC now owns 1,027 shares of the company’s stock worth $214,000 after acquiring an additional 117 shares during the period. Czech National Bank raised its holdings in Builders FirstSource by 0.4% in the 1st quarter. Czech National Bank now owns 21,703 shares of the company’s stock worth $4,526,000 after purchasing an additional 93 shares during the period. Banque Cantonale Vaudoise boosted its position in Builders FirstSource by 63.1% during the first quarter. Banque Cantonale Vaudoise now owns 17,096 shares of the company’s stock worth $3,566,000 after purchasing an additional 6,615 shares in the last quarter. Wedmont Private Capital grew its holdings in Builders FirstSource by 13.6% in the first quarter. Wedmont Private Capital now owns 1,850 shares of the company’s stock valued at $369,000 after purchasing an additional 221 shares during the period. Finally, Park Avenue Securities LLC increased its position in shares of Builders FirstSource by 7.5% in the first quarter. Park Avenue Securities LLC now owns 2,962 shares of the company’s stock valued at $618,000 after buying an additional 206 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the transaction, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Builders FirstSource in a report on Tuesday, August 6th. Benchmark reduced their price target on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Oppenheimer lifted their price objective on Builders FirstSource from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Loop Capital increased their target price on Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, Stifel Nicolaus lowered their price target on 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 research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $198.38.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded down $3.39 during midday trading on Thursday, reaching $194.86. The company’s stock had a trading volume of 624,307 shares, compared to its average volume of 1,584,977. The company has a market cap of $23.78 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 11.48 and a beta of 2.06. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $180.15 and a 200 day moving average price of $169.72.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.48. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the firm posted $3.89 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.68 EPS for the current year.

Builders FirstSource announced that its board has authorized a share repurchase program on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication 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.