Insider Selling: Builders FirstSource, Inc. (NYSE:BLDR) Director Sells 10,000 Shares of Stock

Builders FirstSource, Inc. (NYSE:BLDR) Director Cleveland A. Christophe sold 10,000 shares of the company’s 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 sale, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Builders FirstSource Stock Down 0.7 %

Shares of NYSE:BLDR traded down $1.20 during trading on Friday, reaching $177.99. The stock had a trading volume of 1,353,147 shares, compared to its average volume of 1,577,794. The firm’s 50-day simple moving average is $184.71 and its 200 day simple moving average is $168.52. 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 one year low of $120.80 and a one year high of $214.70. The company has a market capitalization of $20.48 billion, a P/E ratio of 17.49, a PEG ratio of 10.17 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.24 EPS. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.69 EPS for the current fiscal year.

Builders FirstSource declared that its board has initiated a stock repurchase plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Builders FirstSource

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. acquired a new stake in shares of Builders FirstSource in the third quarter worth $267,132,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at about $255,867,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Builders FirstSource by 339.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after buying an additional 911,990 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Builders FirstSource by 109.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company’s stock worth $175,366,000 after acquiring an additional 473,238 shares during the period. Finally, Bessemer Group Inc. raised its position in Builders FirstSource by 477,028.7% during the first quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after acquiring an additional 448,407 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of recent research reports. Stephens upped their price objective on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday. DA Davidson boosted their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday. Baird R W upgraded shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. UBS Group initiated coverage on shares of Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price target on the stock. Finally, Robert W. Baird boosted their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $206.47.

About Builders FirstSource

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.