Builders FirstSource, Inc. (NYSE:BLDR) Stake Increased by Empirical Finance LLC

Empirical Finance LLC increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,309 shares of the company’s stock after buying an additional 264 shares during the quarter. Empirical Finance LLC’s holdings in Builders FirstSource were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of BLDR. Baillie Gifford & Co. purchased a new position in Builders FirstSource during the 3rd quarter valued at about $267,132,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Builders FirstSource during the third quarter worth approximately $255,867,000. Massachusetts Financial Services Co. MA grew its position in 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. increased its stake in Builders FirstSource by 109.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company’s stock valued at $175,366,000 after buying an additional 473,238 shares during the period. Finally, Bessemer Group Inc. increased its stake in Builders FirstSource by 477,028.7% in the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after buying an additional 448,407 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of BLDR opened at $176.28 on Friday. The company has a market capitalization of $20.29 billion, a PE ratio of 17.21, a price-to-earnings-growth 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 one year low of $129.80 and a one year high of $214.70. The company’s fifty day moving average price is $185.83 and its 200 day moving average price is $168.18.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the firm posted $4.24 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, analysts expect that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Builders FirstSource announced that its board has initiated a stock repurchase program on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BLDR. Robert W. Baird boosted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. 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. Stephens lifted their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Stifel Nicolaus lowered their price target on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Jefferies Financial Group raised their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.47.

Insider Transactions at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Builders FirstSource 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.