Builders FirstSource, Inc. (NYSE:BLDR) Stock Position Increased by ING Groep NV

ING Groep NV grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 1,939.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,075 shares of the company’s stock after purchasing an additional 29,551 shares during the period. ING Groep NV’s holdings in Builders FirstSource were worth $6,024,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Baillie Gifford & Co. bought a new stake in Builders FirstSource during the 3rd quarter valued at $267,132,000. Diamond Hill Capital Management Inc. acquired a new position in shares of Builders FirstSource during the third quarter valued at $255,867,000. Massachusetts Financial Services Co. MA raised its stake in shares of 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 purchasing an additional 911,990 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Builders FirstSource by 109.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company’s stock worth $175,366,000 after purchasing an additional 473,238 shares during the period. Finally, Bessemer Group Inc. grew its position in Builders FirstSource by 477,028.7% in the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after buying an additional 448,407 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $176.28 on Friday. The company has a market cap of $20.29 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 1.00 and a beta of 2.08. The company’s fifty day moving average is $185.83 and its two-hundred day moving average is $168.28. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 12-month low of $129.80 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the company posted $4.24 EPS. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. Equities analysts expect that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

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

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on BLDR. Benchmark dropped their price target on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Tuesday. Jefferies Financial Group lifted their price target on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Stephens boosted their price objective on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, DA Davidson raised their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Five equities 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 stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $206.47.

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.