Cynosure Group LLC Has $511,000 Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Cynosure Group LLC reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 50.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,635 shares of the company’s stock after selling 2,635 shares during the quarter. Cynosure Group LLC’s holdings in Builders FirstSource were worth $511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. increased its stake in shares of Builders FirstSource by 32.0% in the 1st quarter. Advisors Asset Management Inc. now owns 2,046 shares of the company’s stock valued at $427,000 after buying an additional 496 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Builders FirstSource by 21.1% in the 1st quarter. Janus Henderson Group PLC now owns 20,013 shares of the company’s stock valued at $4,173,000 after purchasing an additional 3,483 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Builders FirstSource by 1.1% during the first quarter. California State Teachers Retirement System now owns 208,130 shares of the company’s stock worth $43,406,000 after buying an additional 2,259 shares during the last quarter. LBP AM SA bought a new position in Builders FirstSource in the first quarter valued at approximately $1,014,000. Finally, Plato Investment Management Ltd grew its holdings in Builders FirstSource by 183.1% during the 1st quarter. Plato Investment Management Ltd now owns 4,787 shares of the company’s stock worth $998,000 after acquiring an additional 3,096 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $184.60 on Thursday. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.06 and a beta of 2.08. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The firm has a fifty day simple moving average of $186.10 and a 200 day simple moving average of $168.16. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS 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 business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the company earned $4.24 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Research analysts forecast that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource announced that its board has initiated a share buyback plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BLDR. Jefferies Financial Group increased their price target on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus cut their price target on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Benchmark decreased their price objective on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird upped their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Five investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.47.

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the transaction, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

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.