Banco Santander S.A. Makes New $706,000 Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Banco Santander S.A. bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,640 shares of the company’s stock, valued at approximately $706,000.

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

Analysts Set New Price Targets

BLDR has been the topic of a number of recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, November 6th. DA Davidson upped their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. The Goldman Sachs Group initiated coverage on Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective for the company. Finally, UBS Group initiated coverage on Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average 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 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 sale, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Trading Up 1.5 %

BLDR stock opened at $178.52 on Friday. The company has a market capitalization of $20.54 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.00 and a beta of 2.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The business has a 50 day simple moving average of $186.33 and a two-hundred day simple moving average of $167.97.

Builders FirstSource (NYSE:BLDR) last posted its earnings results 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 company had revenue of $4.23 billion for 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 revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.24 earnings per share. Research analysts anticipate that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

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