Sanibel Captiva Trust Company Inc. Takes $520,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

Sanibel Captiva Trust Company Inc. bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, Holdings Channel reports. The fund bought 2,680 shares of the company’s stock, valued at approximately $520,000.

Other hedge funds have also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in shares of Builders FirstSource during the second quarter valued at approximately $27,000. Westside Investment Management Inc. bought a new stake in shares of Builders FirstSource during the first quarter valued at approximately $31,000. ORG Partners LLC bought a new stake in shares of Builders FirstSource during the first quarter valued at approximately $33,000. American Capital Advisory LLC bought a new stake in shares of Builders FirstSource during the first quarter valued at approximately $34,000. Finally, First Horizon Advisors Inc. boosted its position in shares of Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Loop Capital lifted their price target on Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Royal Bank of Canada dropped their target price on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Robert W. Baird raised Builders FirstSource from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $185.00 to $190.00 in a report on Wednesday, August 7th. B. Riley dropped their target price on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of Builders FirstSource in a report on Tuesday, August 6th. Four 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $196.38.

Builders FirstSource Trading Up 0.7 %

Shares of NYSE:BLDR opened at $193.00 on Friday. The company has a market cap of $23.56 billion, a P/E ratio of 16.52, a PEG ratio of 11.48 and a beta of 2.06. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. Builders FirstSource, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70. The stock’s fifty day moving average price is $177.50 and its 200-day moving average price is $170.23.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. The company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. Builders FirstSource’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.89 earnings per share. Sell-side analysts expect that Builders FirstSource, Inc. will post 11.68 earnings per share for the current year.

Builders FirstSource announced that its board has approved a share repurchase plan on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the sale, the director now owns 95,333 shares in the company, valued at approximately $14,650,775.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

About Builders FirstSource

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.