Ashton Thomas Private Wealth LLC Has $258,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

Ashton Thomas Private Wealth LLC increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 16.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,333 shares of the company’s stock after buying an additional 184 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Builders FirstSource were worth $258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of Builders FirstSource in the second quarter worth $27,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource during the 3rd quarter worth about $30,000. First Horizon Advisors Inc. grew its position in shares of Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after buying an additional 75 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of Builders FirstSource in the second quarter valued at about $38,000. Finally, Reston Wealth Management LLC bought a new position in shares of Builders FirstSource during the third quarter worth about $39,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

BLDR opened at $181.21 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The firm’s fifty day moving average price is $185.68 and its two-hundred day moving average price is $168.35. Builders FirstSource, Inc. has a 1 year low of $128.57 and a 1 year high of $214.70. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 1.00 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 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 during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the business posted $4.24 EPS. The company’s quarterly revenue was down 6.7% on a year-over-year basis. As a group, analysts anticipate that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

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

Insider Buying and Selling

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 value of $1,784,100.00. Following the completion of the transaction, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Robert W. Baird increased their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Stephens lifted their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. B. Riley cut their target price on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Oppenheimer reiterated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. Finally, UBS Group assumed coverage on Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 target price for the company. Five equities research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.47.

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.