Deseret Mutual Benefit Administrators Purchases 258 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Deseret Mutual Benefit Administrators increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 39.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 917 shares of the company’s stock after purchasing an additional 258 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Builders FirstSource were worth $178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Innealta Capital LLC bought a new stake in Builders FirstSource during the second quarter valued at approximately $27,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at $30,000. ORG Partners LLC bought a new position in shares of Builders FirstSource during the 1st quarter valued at $33,000. First Horizon Advisors Inc. increased its holdings in shares of Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after buying an additional 75 shares during the period. Finally, New Millennium Group LLC bought a new stake in Builders FirstSource in the second quarter valued at approximately $38,000. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of recent analyst reports. Loop Capital upped their target price on Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a report on Friday, September 20th. Royal Bank of Canada lifted their price target on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group began coverage on Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price for the company. Benchmark dropped 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. Finally, Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and upped their price target for the company from $165.00 to $220.00 in a research report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and an average price target of $206.88.

Builders FirstSource Trading Up 0.1 %

Shares of BLDR stock opened at $177.03 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. Builders FirstSource, Inc. has a twelve month low of $120.80 and a twelve month high of $214.70. The company’s 50-day moving average price is $184.58 and its 200-day moving average price is $168.44. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 10.15 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last announced its quarterly 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). Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business earned $4.24 earnings per share. Builders FirstSource’s revenue was down 6.7% on a year-over-year basis. As a group, equities analysts predict that Builders FirstSource, Inc. will post 11.69 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a share repurchase program on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 5.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.