Peterson Financial Group Inc. Acquires Shares of 364 Builders FirstSource, Inc. (NYSE:BLDR)

Peterson Financial Group Inc. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 364 shares of the company’s stock, valued at approximately $71,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Baillie Gifford & Co. bought a new position in shares of Builders FirstSource during the 3rd quarter worth $267,132,000. Boston Partners lifted its stake in shares of Builders FirstSource by 0.8% during the 1st quarter. Boston Partners now owns 1,377,335 shares of the company’s stock worth $285,794,000 after purchasing an additional 10,551 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth $255,867,000. Massachusetts Financial Services Co. MA lifted its stake 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 worth $163,373,000 after purchasing an additional 911,990 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Builders FirstSource by 22.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock worth $147,059,000 after purchasing an additional 196,571 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 2.7 %

BLDR opened at $176.28 on Friday. Builders FirstSource, Inc. has a 12 month low of $129.80 and a 12 month high of $214.70. The stock has a market capitalization of $20.29 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.98 and a beta of 2.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The business has a fifty day moving average price of $185.83 and a 200 day moving average price of $168.18.

Builders FirstSource (NYSE:BLDR) last announced 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 33.55% and a net margin of 7.40%. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the firm earned $4.24 earnings per share. Sell-side 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 approved a stock buyback 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 shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BLDR. Baird R W upgraded Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group started coverage on Builders FirstSource in a research note on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective for the company. Wedbush reiterated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, November 6th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus decreased their price target on 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, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and an average target price of $206.47.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

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.