Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by TFB Advisors LLC

TFB Advisors LLC reduced its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 31.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,740 shares of the company’s stock after selling 1,691 shares during the quarter. TFB Advisors LLC’s holdings in Builders FirstSource were worth $725,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BLDR. Innealta Capital LLC acquired a new position in shares of Builders FirstSource during the 2nd quarter valued at about $27,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource during the third quarter worth approximately $30,000. ORG Partners LLC acquired a new position in Builders FirstSource during the first quarter worth approximately $33,000. First Horizon Advisors Inc. raised its stake in Builders FirstSource by 42.1% during 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 during the period. Finally, New Millennium Group LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $38,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 1.3 %

BLDR stock opened at $179.09 on Friday. The company has a market capitalization of $20.86 billion, a P/E ratio of 15.72, a PEG ratio of 10.17 and a beta of 2.08. The firm has a 50 day simple moving average of $184.71 and a 200-day simple moving average of $168.52. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. Builders FirstSource, Inc. has a twelve month low of $120.80 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data 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 8.25% and a return on equity of 37.05%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the company earned $4.24 EPS. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.69 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has initiated a stock buyback program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BLDR shares. Stifel Nicolaus cut their target price on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Loop Capital lifted their price objective on Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, September 20th. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 target price for the company. DA Davidson raised their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Oppenheimer reiterated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average 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.