Landscape Capital Management L.L.C. Buys New Position in Builders FirstSource, Inc. (NYSE:BLDR)

Landscape Capital Management L.L.C. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,176 shares of the company’s stock, valued at approximately $810,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. King Luther Capital Management Corp raised its stake in Builders FirstSource by 1.3% during the third quarter. King Luther Capital Management Corp now owns 11,416 shares of the company’s stock worth $2,213,000 after buying an additional 149 shares during the last quarter. Citizens Financial Group Inc. RI bought a new position in shares of Builders FirstSource in the 3rd quarter worth about $219,000. Retireful LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at about $802,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $773,000. Finally, First Horizon Advisors Inc. grew its stake in Builders FirstSource by 84.6% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $91,000 after purchasing an additional 214 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $178.52 on Friday. The company’s 50 day moving average is $186.33 and its 200-day moving average is $167.97. The firm has a market cap of $20.54 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.00 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 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 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 prior year, the company earned $4.24 EPS. The company’s revenue was down 6.7% on a year-over-year basis. Sell-side analysts predict that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Builders FirstSource declared that its board has authorized a stock repurchase program on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related 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 sale, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price target on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Oppenheimer restated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. Barclays increased their price target on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stephens raised their price objective on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, B. Riley cut their target price on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Five investment 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.