Captrust Financial Advisors Purchases 5,489 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Captrust Financial Advisors boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 23.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,682 shares of the company’s stock after acquiring an additional 5,489 shares during the period. Captrust Financial Advisors’ holdings in Builders FirstSource were worth $5,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new position in shares of Builders FirstSource during the 2nd quarter valued at about $27,000. Brooklyn Investment Group bought a new position in Builders FirstSource in the third quarter valued at approximately $28,000. Armstrong Advisory Group Inc. acquired a new position in shares of Builders FirstSource in the third quarter valued at approximately $30,000. First Horizon Advisors Inc. increased its position in shares of Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after acquiring an additional 75 shares in the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth $38,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred 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 completion of the sale, the director now directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Price Performance

NYSE:BLDR opened at $184.65 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.77 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 stock’s 50 day moving average price is $185.11 and its two-hundred day moving average price is $168.62. The firm has a market capitalization of $21.25 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 1.04 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last announced 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 business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the business earned $4.24 EPS. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Builders FirstSource declared that its board has authorized a stock repurchase program on Tuesday, August 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have issued reports on BLDR. DA Davidson increased their target price on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Baird R W raised Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, November 6th. Finally, Stifel Nicolaus cut their price objective on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.47.

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.