Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,103 shares of the company’s stock after selling 486 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Builders FirstSource were worth $1,958,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. acquired a new stake in Builders FirstSource in the 3rd quarter valued at approximately $30,000. ORG Partners LLC bought a new position in shares of Builders FirstSource in the first quarter worth $33,000. Innealta Capital LLC bought a new stake in shares of Builders FirstSource during the second quarter valued at about $27,000. Reston Wealth Management LLC acquired a new stake in Builders FirstSource in the third quarter worth about $39,000. Finally, First Horizon Advisors Inc. grew its position in Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after buying an additional 75 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $176.78 on Thursday. The company has a market capitalization of $20.59 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 10.15 and a beta of 2.08. Builders FirstSource, Inc. has a 1-year low of $120.80 and a 1-year high of $214.70. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $184.58 and its 200-day simple moving average is $168.44.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. Builders FirstSource’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.24 EPS. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 11.69 earnings per share 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 outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have commented on BLDR shares. Barclays boosted their price target on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. UBS Group began coverage on Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price for the company. Bank of America lifted their price target on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Wedbush reissued an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday. Finally, Royal Bank of Canada raised their target price on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and an average price target of $206.88.

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.