Bank of Montreal Can Has $28.02 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Bank of Montreal Can increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 22.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 144,237 shares of the company’s stock after purchasing an additional 26,611 shares during the period. Bank of Montreal Can’s holdings in Builders FirstSource were worth $28,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Innealta Capital LLC bought a new stake in Builders FirstSource during the 2nd quarter valued at $27,000. Armstrong Advisory Group Inc. purchased a new position in Builders FirstSource during the third quarter worth about $30,000. First Horizon Advisors Inc. boosted its position in 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 purchasing an additional 75 shares during the last quarter. New Millennium Group LLC bought a new position in shares of Builders FirstSource during the 2nd quarter valued at approximately $38,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource in the third quarter valued at $39,000. 95.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s 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 sale, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BLDR. Stephens increased their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Stifel Nicolaus cut their price objective on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Benchmark cut their target price on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. B. Riley decreased their price target on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Baird R W raised shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $206.47.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $186.47 on Friday. 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 stock has a market cap of $21.46 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.03 and a beta of 2.08. The business’s fifty day moving average is $185.56 and its 200 day moving average is $168.39. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data 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). 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 for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the firm posted $4.24 EPS. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. Research analysts expect that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a stock buyback 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 shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are 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.