Soros Capital Management LLC Grows Position in Builders FirstSource, Inc. (NYSE:BLDR)

Soros Capital Management LLC boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 577.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,621 shares of the company’s stock after purchasing an additional 54,226 shares during the period. Builders FirstSource makes up about 3.0% of Soros Capital Management LLC’s portfolio, making the stock its 12th biggest position. Soros Capital Management LLC’s holdings in Builders FirstSource were worth $12,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. FMR LLC lifted its stake in Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Builders FirstSource by 23.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after acquiring an additional 277,897 shares during the period. Baillie Gifford & Co. acquired a new stake in Builders FirstSource during the 3rd quarter valued at approximately $267,132,000. Boston Partners lifted its stake in Builders FirstSource by 0.8% during the 1st quarter. Boston Partners now owns 1,377,335 shares of the company’s stock valued at $285,794,000 after acquiring an additional 10,551 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new stake in Builders FirstSource during the 3rd quarter valued at approximately $255,867,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 1.7 %

Shares of BLDR opened at $185.77 on Wednesday. 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, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The firm has a 50-day moving average price of $186.26 and a 200 day moving average price of $168.02. The firm has a market capitalization of $21.38 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.06 and a beta of 2.08.

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 analysts’ consensus estimates 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 analysts’ expectations of $4.44 billion. During the same period in the prior year, the company posted $4.24 EPS. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource declared that its Board of Directors has authorized a stock buyback program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have commented on BLDR shares. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective for the company. Stephens boosted their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays boosted their price target on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus cut their price target on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Wedbush reissued an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.47.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.