National Pension Service Purchases 4,399 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

National Pension Service grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,599 shares of the company’s stock after acquiring an additional 4,399 shares during the quarter. National Pension Service owned 0.16% of Builders FirstSource worth $37,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Boston Partners raised its stake in Builders FirstSource by 0.8% during the first quarter. Boston Partners now owns 1,377,335 shares of the company’s stock valued at $285,794,000 after purchasing an additional 10,551 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock valued at $163,373,000 after buying an additional 911,990 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Builders FirstSource by 22.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock valued at $147,059,000 after acquiring an additional 196,571 shares during the last quarter. William Blair Investment Management LLC grew its position in Builders FirstSource by 1.2% in the second quarter. William Blair Investment Management LLC now owns 1,051,461 shares of the company’s stock worth $145,533,000 after acquiring an additional 12,518 shares in the last quarter. Finally, Anomaly Capital Management LP increased its stake in Builders FirstSource by 22.5% during the second quarter. Anomaly Capital Management LP now owns 1,020,441 shares of the company’s stock worth $141,239,000 after acquiring an additional 187,371 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on BLDR. 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. Wedbush reissued an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday. Barclays raised their target price on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Baird R W upgraded shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Stifel Nicolaus decreased their price objective on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus price target of $206.88.

Builders FirstSource Price Performance

BLDR opened at $176.78 on Thursday. The company has a market capitalization of $20.59 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 10.15 and a beta of 2.08. 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 12-month low of $120.80 and a 12-month high of $214.70. The business’s fifty day simple moving average is $184.58 and its 200-day simple moving average is $168.44.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results 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). The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $4.24 earnings per share. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.69 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management 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.