Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 77.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 235,597 shares of the company’s stock after acquiring an additional 102,729 shares during the period. Cerity Partners LLC’s holdings in Builders FirstSource were worth $45,673,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BLDR. Baillie Gifford & Co. acquired a new position in Builders FirstSource in the 3rd quarter valued at $267,132,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth $255,867,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after buying an additional 911,990 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Builders FirstSource by 109.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company’s stock worth $175,366,000 after buying an additional 473,238 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its holdings in shares of Builders FirstSource by 4,099.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 395,000 shares of the company’s stock worth $76,575,000 after buying an additional 385,593 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BLDR shares. DA Davidson upped their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Stifel Nicolaus dropped 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. Royal Bank of Canada upped their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. UBS Group began coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. Finally, Stephens upped their price target 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 equities 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.47.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $178.52 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a 50-day moving average of $186.23 and a two-hundred day moving average of $167.82. The stock has a market cap of $20.54 billion, a P/E ratio of 17.43, a PEG ratio of 0.98 and a beta of 2.08. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70.

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

Builders FirstSource announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board 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.