Citizens Financial Group Inc. RI Invests $219,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Citizens Financial Group Inc. RI bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,132 shares of the company’s stock, valued at approximately $219,000.

Several other large investors also recently modified their holdings of the stock. Armstrong Advisory Group Inc. bought a new position in Builders FirstSource during the 3rd quarter worth $30,000. Innealta Capital LLC acquired a new position in Builders FirstSource during the second quarter valued at approximately $27,000. Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource during the 3rd quarter worth $39,000. First Horizon Advisors Inc. boosted its stake in shares of Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in Builders FirstSource in the third quarter valued at approximately $50,000. 95.53% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Builders FirstSource Price Performance

BLDR opened at $178.52 on Friday. The firm has a market cap of $20.54 billion, a P/E ratio of 17.43, a PEG ratio of 0.98 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. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The firm has a 50-day moving average of $186.23 and a 200 day moving average of $167.82.

Builders FirstSource (NYSE:BLDR) last issued its quarterly 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). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the business earned $4.24 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, research analysts expect that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource announced that its board has initiated a stock repurchase program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BLDR. The Goldman Sachs Group assumed coverage on Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 price target on the stock. Oppenheimer reiterated an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Barclays lifted their price objective on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Royal Bank of Canada boosted their target price on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and upped their price objective for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and an average target price of $206.47.

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.