Baillie Gifford & Co. Purchases Shares of 1,377,962 Builders FirstSource, Inc. (NYSE:BLDR)

Baillie Gifford & Co. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, Holdings Channel.com reports. The firm bought 1,377,962 shares of the company’s stock, valued at approximately $267,132,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BLDR. Innealta Capital LLC purchased a new position in Builders FirstSource during the 2nd quarter valued at approximately $27,000. Armstrong Advisory Group Inc. bought a new position in Builders FirstSource in the third quarter worth about $30,000. First Horizon Advisors Inc. boosted its holdings 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 in the last quarter. New Millennium Group LLC bought a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $38,000. Finally, Reston Wealth Management LLC bought a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $39,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $183.59 on Tuesday. The stock has a market cap of $21.13 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 0.99 and a beta of 2.08. Builders FirstSource, Inc. has a 52-week low of $121.43 and a 52-week high of $214.70. The business has a 50-day simple moving average of $184.98 and a 200-day simple moving average of $168.25. The company has a quick ratio of 1.14, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last released 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). The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.24 EPS. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource declared that its board has initiated a stock buyback plan on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have issued reports on BLDR shares. Benchmark cut their price target on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Robert W. Baird upped their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. B. Riley lowered their price target on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Barclays lifted their target price on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price of $206.47.

Insiders Place Their Bets

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated Thursday, November 7th. The stock was 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

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.