Peterson Financial Group Inc. Acquires New Shares in Builders FirstSource, Inc. (NYSE:BLDR)

Peterson Financial Group Inc. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, Holdings Channel reports. The firm acquired 364 shares of the company’s stock, valued at approximately $71,000.

Other hedge funds have also recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its position in Builders FirstSource by 3.6% during the third quarter. Mutual of America Capital Management LLC now owns 44,776 shares of the company’s stock worth $8,680,000 after buying an additional 1,546 shares in the last quarter. Seizert Capital Partners LLC increased its position in Builders FirstSource by 23.6% during the third quarter. Seizert Capital Partners LLC now owns 214,348 shares of the company’s stock worth $41,554,000 after buying an additional 40,976 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Builders FirstSource by 47.8% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 188,385 shares of the company’s stock worth $36,521,000 after buying an additional 60,955 shares in the last quarter. KPP Advisory Services LLC purchased a new position in Builders FirstSource during the third quarter worth $334,000. Finally, Natixis Advisors LLC increased its position in Builders FirstSource by 88.3% during the third quarter. Natixis Advisors LLC now owns 42,142 shares of the company’s stock worth $8,170,000 after buying an additional 19,757 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

NYSE BLDR opened at $176.28 on Friday. The stock has a market capitalization of $20.29 billion, a P/E ratio of 17.21, a P/E/G ratio of 0.98 and a beta of 2.08. Builders FirstSource, Inc. has a 1 year low of $129.80 and a 1 year high of $214.70. The business’s fifty day moving average is $185.83 and its two-hundred day moving average is $168.18. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (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 the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.24 EPS. On average, research analysts forecast that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a stock repurchase plan 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 plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were 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. The trade was a 23.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. DA Davidson raised their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Bank of America raised their price objective on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Barclays raised their price objective on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus decreased their price objective on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five 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 stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $206.47.

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.