Hantz Financial Services Inc. Purchases New Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Hantz Financial Services Inc. acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,249 shares of the company’s stock, valued at approximately $3,538,000.

Several other institutional investors have also added to or reduced their stakes in BLDR. Brooklyn Investment Group bought a new position in Builders FirstSource in the 3rd quarter worth about $28,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $30,000. Innealta Capital LLC purchased a new position in Builders FirstSource during the 2nd quarter worth $27,000. Reston Wealth Management LLC bought a new stake in Builders FirstSource during the 3rd quarter valued at $39,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth $46,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $186.47 on Friday. The business has a fifty day moving average of $185.33 and a 200 day moving average of $168.51. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. 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 firm has a market capitalization of $21.46 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.03 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data 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). The firm had revenue of $4.23 billion during 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 company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.24 earnings per share. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Builders FirstSource announced that its board has initiated a share repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred on 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BLDR. UBS Group assumed coverage on Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 price target on the stock. Jefferies Financial Group boosted their price target on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target for the company. Royal Bank of Canada boosted their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Barclays increased their target price on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.