Builders FirstSource, Inc. (NYSE:BLDR) Stock Position Lowered by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,150 shares of the company’s stock after selling 200 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Builders FirstSource were worth $417,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BLDR. Centaurus Financial Inc. boosted its holdings in shares of Builders FirstSource by 60.6% during the third quarter. Centaurus Financial Inc. now owns 1,592 shares of the company’s stock worth $309,000 after purchasing an additional 601 shares during the period. Alpha DNA Investment Management LLC raised its holdings in shares of Builders FirstSource by 13.0% during the third quarter. Alpha DNA Investment Management LLC now owns 2,552 shares of the company’s stock worth $495,000 after acquiring an additional 293 shares in the last quarter. Larson Financial Group LLC boosted its position in Builders FirstSource by 20.2% during the third quarter. Larson Financial Group LLC now owns 1,927 shares of the company’s stock valued at $374,000 after purchasing an additional 324 shares during the last quarter. Swedbank AB grew its stake in Builders FirstSource by 20.6% in the third quarter. Swedbank AB now owns 45,465 shares of the company’s stock valued at $8,814,000 after purchasing an additional 7,774 shares in the last quarter. Finally, Cerity Partners LLC increased its position in Builders FirstSource by 77.3% in the 3rd quarter. Cerity Partners LLC now owns 235,597 shares of the company’s stock worth $45,673,000 after purchasing an additional 102,729 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource 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 sale, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BLDR shares. Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, November 6th. B. Riley decreased their target price on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Benchmark cut their price target on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Loop Capital upped their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Bank of America increased their target price on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.47.

Builders FirstSource Trading Up 1.5 %

Shares of BLDR stock opened at $178.52 on Monday. The firm has a market capitalization of $20.54 billion, a P/E ratio of 17.43, a price-to-earnings-growth 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. The firm’s fifty day simple moving average is $186.23 and its 200 day simple moving average is $167.88. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last issued 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 firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the firm earned $4.24 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource announced that its board has authorized a share repurchase plan on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Builders FirstSource Company 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.