Oppenheimer & Co. Inc. Has $5.27 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Oppenheimer & Co. Inc. increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,203 shares of the company’s stock after acquiring an additional 721 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Builders FirstSource were worth $5,274,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Builders FirstSource by 46.2% during the 3rd quarter. Victory Capital Management Inc. now owns 564,895 shares of the company’s stock worth $109,511,000 after buying an additional 178,449 shares during the period. Aptus Capital Advisors LLC bought a new position in Builders FirstSource during the third quarter worth about $273,000. Ashton Thomas Private Wealth LLC raised its position in shares of Builders FirstSource by 16.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 1,333 shares of the company’s stock valued at $258,000 after buying an additional 184 shares in the last quarter. Rakuten Securities Inc. raised its holdings 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 acquiring an additional 495 shares in the last quarter. Finally, Baillie Gifford & Co. acquired a new position in Builders FirstSource in the third quarter valued at about $267,132,000. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BLDR. DA Davidson lifted their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Baird R W raised Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Robert W. Baird boosted their target price on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Benchmark reduced their price target on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Stephens upped their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Five research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $206.47.

Builders FirstSource Stock Up 0.7 %

Builders FirstSource stock opened at $181.21 on Friday. The firm has a 50 day moving average price of $185.68 and a two-hundred day moving average price of $168.35. 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 52-week low of $128.57 and a 52-week high of $214.70. The firm has a market cap of $20.85 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.00 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last released its 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 firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm earned $4.24 EPS. Builders FirstSource’s quarterly revenue was down 6.7% on a year-over-year basis. Equities analysts predict that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

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.