Dynamic Technology Lab Private Ltd Has $1.29 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Dynamic Technology Lab Private Ltd increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,672 shares of the company’s stock after acquiring an additional 152 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Builders FirstSource were worth $1,293,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after buying an additional 277,897 shares during the last quarter. Baillie Gifford & Co. bought a new position in shares of Builders FirstSource in the third quarter worth about $267,132,000. 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 worth $285,794,000 after purchasing an additional 10,551 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of Builders FirstSource during the third quarter valued at approximately $255,867,000. Finally, Bank of New York Mellon Corp raised its position in Builders FirstSource by 22.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock worth $147,059,000 after purchasing an additional 196,571 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BLDR shares. Robert W. Baird upped their price target on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Royal Bank of Canada raised their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Wedbush reissued an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, November 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, Stifel Nicolaus cut 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. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $206.47.

Insider Activity at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction dated 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 in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by insiders.

Builders FirstSource Stock Down 1.7 %

Builders FirstSource stock opened at $185.77 on Wednesday. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average of $186.26 and a 200-day moving average of $168.02. The stock has a market capitalization of $21.38 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.00 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. Builders FirstSource’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the company posted $4.24 EPS. On average, equities 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 plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.