KPP Advisory Services LLC Buys New Position in Builders FirstSource, Inc. (NYSE:BLDR)

KPP Advisory Services LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,725 shares of the company’s stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BLDR. Natixis Advisors LLC raised its holdings in shares of Builders FirstSource by 88.3% in the 3rd quarter. Natixis Advisors LLC now owns 42,142 shares of the company’s stock worth $8,170,000 after purchasing an additional 19,757 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in shares of Builders FirstSource by 4,099.0% in the third quarter. Mizuho Securities USA LLC now owns 395,000 shares of the company’s stock valued at $76,575,000 after buying an additional 385,593 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Builders FirstSource by 6.5% during the 3rd quarter. Empirical Finance LLC now owns 4,309 shares of the company’s stock valued at $835,000 after acquiring an additional 264 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Builders FirstSource by 4.2% during the 3rd quarter. CIBC Asset Management Inc now owns 17,483 shares of the company’s stock worth $3,389,000 after acquiring an additional 710 shares in the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter worth $273,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’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 transaction, the director now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and increased their price target for the company from $165.00 to $220.00 in a research report on Monday, September 16th. 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. Royal Bank of Canada upped their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. B. Riley cut their target price on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group started coverage on Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $206.47.

Builders FirstSource Stock Down 2.7 %

Shares of BLDR stock opened at $176.28 on Friday. The company has a market capitalization of $20.29 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.00 and a beta of 2.08. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock’s 50 day simple moving average is $185.83 and its 200 day simple moving average is $168.18. Builders FirstSource, Inc. has a twelve month low of $129.80 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued 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). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm posted $4.24 earnings per share. Builders FirstSource’s quarterly revenue was down 6.7% compared to the same quarter last year. As a group, research analysts predict that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource declared that its Board of Directors has approved a share buyback plan on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Builders FirstSource Company 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.