Aptus Capital Advisors LLC Invests $273,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Aptus Capital Advisors LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,409 shares of the company’s stock, valued at approximately $273,000.

Other institutional investors also recently made changes to their positions in the company. Forsta AP Fonden raised its position in shares of Builders FirstSource by 12.1% in the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after buying an additional 2,900 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Builders FirstSource by 762.2% in the first quarter. Cetera Investment Advisers now owns 50,982 shares of the company’s stock valued at $10,632,000 after buying an additional 45,069 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Builders FirstSource by 21.1% in the first quarter. Janus Henderson Group PLC now owns 20,013 shares of the company’s stock valued at $4,173,000 after buying an additional 3,483 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Builders FirstSource by 18.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company’s stock valued at $16,055,000 after purchasing an additional 18,223 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Builders FirstSource during the first quarter worth $3,448,000. Institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BLDR shares. Stephens upped their price objective on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Benchmark reduced 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 note on Wednesday, August 7th. DA Davidson upped their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective for the company. Five investment 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.47.

Builders FirstSource Trading Down 2.7 %

NYSE:BLDR opened at $176.28 on Friday. The firm’s fifty day moving average is $185.83 and its 200-day moving average is $168.18. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a 52 week low of $129.80 and a 52 week high of $214.70. The firm has a market cap of $20.29 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.00 and a beta of 2.08.

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

Builders FirstSource declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are typically an indication 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.