Wilkinson Global Asset Management LLC Acquires 62,694 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Wilkinson Global Asset Management LLC increased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 864.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 69,944 shares of the company’s stock after purchasing an additional 62,694 shares during the quarter. Builders FirstSource accounts for about 0.8% of Wilkinson Global Asset Management LLC’s holdings, making the stock its 29th biggest holding. Wilkinson Global Asset Management LLC’s holdings in Builders FirstSource were worth $13,559,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Boston Partners lifted its position in shares of Builders FirstSource by 0.8% during the first quarter. Boston Partners now owns 1,377,335 shares of the company’s stock valued at $285,794,000 after buying an additional 10,551 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock valued at $163,373,000 after acquiring an additional 911,990 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Builders FirstSource by 22.7% in the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock valued at $147,059,000 after acquiring an additional 196,571 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Builders FirstSource by 1.2% in the second quarter. William Blair Investment Management LLC now owns 1,051,461 shares of the company’s stock worth $145,533,000 after purchasing an additional 12,518 shares during the last quarter. Finally, Anomaly Capital Management LP increased its position in shares of Builders FirstSource by 22.5% during the second quarter. Anomaly Capital Management LP now owns 1,020,441 shares of the company’s stock worth $141,239,000 after purchasing an additional 187,371 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 2.3 %

Builders FirstSource stock opened at $176.78 on Thursday. The business’s 50-day moving average price is $184.58 and its 200 day moving average price is $168.44. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The firm has a market cap of $20.59 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 10.15 and a beta of 2.08. Builders FirstSource, Inc. has a 52 week low of $120.80 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued 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 return on equity of 37.05% and a net margin of 8.25%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the business earned $4.24 EPS. Builders FirstSource’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.69 earnings per share for the current year.

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

Analyst Ratings Changes

BLDR has been the subject of a number of recent analyst reports. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and raised their price objective for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. Loop Capital raised their price target on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Stifel Nicolaus dropped their price target on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group increased their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Wedbush reissued an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.88.

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.