Daiwa Securities Group Inc. Has $4.64 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Daiwa Securities Group Inc. boosted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 14.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 23,938 shares of the company’s stock after purchasing an additional 3,001 shares during the period. Daiwa Securities Group Inc.’s holdings in Builders FirstSource were worth $4,641,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cyndeo Wealth Partners LLC increased its holdings in shares of Builders FirstSource by 3.7% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock worth $305,000 after acquiring an additional 56 shares during the last quarter. World Equity Group Inc. increased its holdings in shares of Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after purchasing an additional 64 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Builders FirstSource by 0.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock valued at $1,417,000 after purchasing an additional 74 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after buying an additional 75 shares during the last quarter. Finally, Csenge Advisory Group boosted its holdings in shares of Builders FirstSource by 1.9% during the 2nd quarter. Csenge Advisory Group now owns 4,252 shares of the company’s stock worth $589,000 after buying an additional 81 shares during the period. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Loop Capital increased their price target on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a report on Friday, September 20th. Oppenheimer reissued an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Bank of America upped their price objective on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. UBS Group started coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company. Finally, Baird R W raised shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $206.47.

Builders FirstSource Trading Down 1.7 %

Shares of BLDR stock opened at $185.77 on Wednesday. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The stock’s fifty day moving average price is $186.26 and its two-hundred day moving average price is $168.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The company has a market cap of $21.38 billion, a PE ratio of 18.14, a P/E/G ratio of 1.00 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $4.24 earnings per share. Equities analysts predict that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a share buyback plan on Tuesday, August 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase 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 stock is undervalued.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the sale, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

About Builders FirstSource

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.