200 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Bought by Reston Wealth Management LLC

Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 200 shares of the company’s stock, valued at approximately $39,000.

Other large investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource during the 3rd quarter valued at $30,000. ORG Partners LLC acquired a new position in shares of Builders FirstSource in the 1st quarter valued at $33,000. Innealta Capital LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $27,000. First Horizon Advisors Inc. raised its stake in shares of 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. Finally, Friedenthal Financial acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $50,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 0.4 %

Shares of NYSE:BLDR opened at $172.02 on Friday. The firm has a market cap of $20.03 billion, a P/E ratio of 15.10, a P/E/G ratio of 10.20 and a beta of 2.06. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. Builders FirstSource, Inc. has a 12 month low of $119.99 and a 12 month high of $214.70. The company’s 50-day moving average price is $184.65 and its two-hundred day moving average price is $168.68.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.48. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.89 EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.69 EPS for the current fiscal year.

Builders FirstSource declared that its board has authorized a stock repurchase plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total value of $4,610,400.00. Following the sale, the director now directly owns 95,333 shares in the company, valued at $14,650,775.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price objective for the company. Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research note on Tuesday, August 6th. Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and increased their price objective for the company from $165.00 to $220.00 in a research note on Monday, September 16th. Finally, Benchmark lowered their target price 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. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus price target of $200.35.

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.