Kingfisher Capital LLC Has $7.72 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Kingfisher Capital LLC decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 5.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 39,835 shares of the company’s stock after selling 2,163 shares during the period. Builders FirstSource makes up 1.8% of Kingfisher Capital LLC’s portfolio, making the stock its 12th biggest position. Kingfisher Capital LLC’s holdings in Builders FirstSource were worth $7,722,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at $28,000. Armstrong Advisory Group Inc. bought a new position in Builders FirstSource during the 3rd quarter valued at about $30,000. Innealta Capital LLC acquired a new position in Builders FirstSource in the second quarter valued at about $27,000. Reston Wealth Management LLC bought a new stake in Builders FirstSource during the third quarter worth about $39,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Builders FirstSource during the third quarter worth approximately $46,000. 95.53% of the stock is owned by institutional investors.

Insider Activity at Builders FirstSource

In other 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 value of $1,784,100.00. Following the completion of the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $184.75 on Friday. The firm has a fifty day moving average of $185.56 and a two-hundred day moving average of $168.39. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a market capitalization of $21.26 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.03 and a beta of 2.08. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last released 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 net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the company posted $4.24 EPS. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays boosted their target price on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Baird R W raised Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Wedbush restated an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, November 6th. DA Davidson lifted their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Benchmark decreased their price objective on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. 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 company’s stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and an average 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.