Pecaut & CO. Buys 1,000 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Pecaut & CO. lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 17.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,650 shares of the company’s stock after buying an additional 1,000 shares during the period. Pecaut & CO.’s holdings in Builders FirstSource were worth $920,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in Builders FirstSource in the 2nd quarter worth about $27,000. Westside Investment Management Inc. bought a new position in Builders FirstSource in the 1st quarter valued at approximately $31,000. Principal Securities Inc. acquired a new stake in Builders FirstSource during the 4th quarter worth approximately $32,000. ORG Partners LLC acquired a new stake in Builders FirstSource during the 1st quarter worth approximately $33,000. Finally, American Capital Advisory LLC bought a new stake in Builders FirstSource during the 1st quarter worth approximately $34,000. 95.53% of the stock is currently owned by institutional investors.

Insider Transactions at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $153.68, for a total value of $4,610,400.00. Following the transaction, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Price Performance

BLDR stock opened at $169.99 on Thursday. Builders FirstSource, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70. The stock has a market capitalization of $20.75 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 9.76 and a beta of 2.06. The company’s 50-day moving average is $159.80 and its 200-day moving average is $171.13. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.48. The company had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. Builders FirstSource’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $3.89 EPS. Equities research analysts expect that Builders FirstSource, Inc. will post 11.91 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BLDR. Jefferies Financial Group reiterated a “buy” rating and set a $185.00 price target (down previously from $205.00) on shares of Builders FirstSource in a report on Friday, August 9th. Baird R W upgraded Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada decreased their price target on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Finally, B. Riley lowered their price target on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and an average price target of $181.57.

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.