Independent Advisor Alliance Makes New $259,000 Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Independent Advisor Alliance bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,337 shares of the company’s stock, valued at approximately $259,000.

Several other large investors also recently modified their holdings of BLDR. Advisors Asset Management Inc. lifted its stake in Builders FirstSource by 32.0% in the first quarter. Advisors Asset Management Inc. now owns 2,046 shares of the company’s stock valued at $427,000 after purchasing an additional 496 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Builders FirstSource by 21.1% during the 1st quarter. Janus Henderson Group PLC now owns 20,013 shares of the company’s stock worth $4,173,000 after acquiring an additional 3,483 shares during the period. Swedbank AB purchased a new stake in Builders FirstSource in the 1st quarter worth about $7,860,000. Atria Investments Inc raised its stake in Builders FirstSource by 39.1% in the 1st quarter. Atria Investments Inc now owns 9,781 shares of the company’s stock valued at $2,040,000 after acquiring an additional 2,750 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Builders FirstSource by 762.2% during the first quarter. Cetera Investment Advisers now owns 50,982 shares of the company’s stock valued at $10,632,000 after purchasing an additional 45,069 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on BLDR shares. Baird R W raised shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. UBS Group started coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 target price on the stock. Stephens lifted their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer reissued an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. Finally, Jefferies Financial Group lifted their target price on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $206.47.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’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 $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Down 0.6 %

BLDR opened at $184.75 on Friday. The business’s fifty day simple moving average is $185.90 and its 200 day simple moving average is $168.27. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. 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 $21.26 billion, a PE ratio of 18.03, a P/E/G ratio of 1.06 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.24 earnings per share. As a group, research 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 share repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally 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.