Alpha DNA Investment Management LLC Purchases 293 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Alpha DNA Investment Management LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 13.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,552 shares of the company’s stock after buying an additional 293 shares during the period. Alpha DNA Investment Management LLC’s holdings in Builders FirstSource were worth $495,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BLDR. Larson Financial Group LLC grew its holdings in Builders FirstSource by 20.2% in the third quarter. Larson Financial Group LLC now owns 1,927 shares of the company’s stock worth $374,000 after purchasing an additional 324 shares during the period. Swedbank AB grew its holdings in Builders FirstSource by 20.6% in the third quarter. Swedbank AB now owns 45,465 shares of the company’s stock worth $8,814,000 after purchasing an additional 7,774 shares during the period. Cerity Partners LLC grew its holdings in Builders FirstSource by 77.3% in the third quarter. Cerity Partners LLC now owns 235,597 shares of the company’s stock worth $45,673,000 after purchasing an additional 102,729 shares during the period. Camden National Bank acquired a new stake in Builders FirstSource in the third quarter worth $242,000. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at about $9,848,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on BLDR. Robert W. Baird boosted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America boosted their target price on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Baird R W raised shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, DA Davidson boosted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.47.

Insider Buying and Selling

In other news, Director Cleveland A. Christophe sold 10,000 shares of the 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 transaction, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $178.52 on Monday. The stock has a market capitalization of $20.54 billion, a P/E ratio of 17.43, a PEG ratio of 0.98 and a beta of 2.08. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $186.23 and its 200 day moving average is $167.88. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70.

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

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

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.