Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by De Lisle Partners LLP

De Lisle Partners LLP increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 11.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,001 shares of the company’s stock after acquiring an additional 7,600 shares during the period. Builders FirstSource makes up about 2.4% of De Lisle Partners LLP’s holdings, making the stock its 8th largest holding. De Lisle Partners LLP owned about 0.07% of Builders FirstSource worth $14,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC grew its holdings in Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Builders FirstSource by 23.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after buying an additional 277,897 shares during the last quarter. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at about $267,132,000. Boston Partners lifted its stake in Builders FirstSource by 0.8% during the first quarter. Boston Partners now owns 1,377,335 shares of the company’s stock worth $285,794,000 after purchasing an additional 10,551 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new stake in Builders FirstSource during the third quarter worth approximately $255,867,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 0.7 %

Shares of Builders FirstSource stock opened at $184.60 on Thursday. The company has a 50-day moving average of $186.10 and a two-hundred day moving average of $168.16. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. 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 stock has a market cap of $21.24 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.06 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data 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 firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.24 earnings per share. On average, research analysts anticipate that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource declared that its board has authorized a share buyback program on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

BLDR has been the subject of a number of research reports. Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and boosted their price target for the company from $165.00 to $220.00 in a research report on Monday, September 16th. Robert W. Baird raised their price target on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Wedbush reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, November 6th. Finally, Jefferies Financial Group raised their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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 that occurred 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 completion of the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.