Caprock Group LLC Sells 1,208 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Caprock Group LLC lessened its position in Builders FirstSource, Inc. (NYSE:BLDR) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,216 shares of the company’s stock after selling 1,208 shares during the period. Caprock Group LLC’s holdings in Builders FirstSource were worth $3,919,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BLDR. Baillie Gifford & Co. bought a new position in shares of Builders FirstSource during the third quarter valued at approximately $267,132,000. Boston Partners raised its holdings in Builders FirstSource by 0.8% in 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 in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth about $255,867,000. Massachusetts Financial Services Co. MA lifted its position in shares of Builders FirstSource by 339.8% in 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 period. Finally, Bank of New York Mellon Corp increased its position in shares of Builders FirstSource by 22.7% during the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock valued at $147,059,000 after buying an additional 196,571 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research analyst reports. Bank of America raised their target price on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Stifel Nicolaus dropped their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a research note on Tuesday, October 29th. Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada lifted their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $206.47.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $178.81 on Wednesday. The company has a market cap of $20.58 billion, a PE ratio of 17.46, a PEG ratio of 0.98 and a beta of 2.08. The firm’s 50-day moving average price is $186.23 and its 200-day moving average price is $167.87. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $4.24 EPS. As a group, analysts anticipate 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 program on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’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 transaction 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. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

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.