Banco Santander S.A. Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Banco Santander S.A. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,640 shares of the company’s stock, valued at approximately $706,000.

A number of other large investors have also made changes to their positions in BLDR. Armstrong Advisory Group Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter worth $30,000. Innealta Capital LLC acquired a new stake in Builders FirstSource in the second quarter worth about $27,000. Reston Wealth Management LLC acquired a new stake in Builders FirstSource in the third quarter worth about $39,000. First Horizon Advisors Inc. grew its stake in shares of Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after acquiring an additional 75 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Builders FirstSource during the third quarter valued at about $50,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. DA Davidson boosted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Stephens boosted their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Loop Capital upped their target price on Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, September 20th. UBS Group started coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price target for the company. Finally, The Goldman Sachs Group began coverage on Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price objective on the stock. Five investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $206.47.

Builders FirstSource Stock Up 1.5 %

Builders FirstSource stock opened at $178.52 on Friday. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The stock has a market capitalization of $20.54 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.00 and a beta of 2.08. 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 business has a 50 day simple moving average of $186.33 and a 200-day simple moving average of $167.97.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share 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 company 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 posted $4.24 earnings per share. The business’s revenue was down 6.7% on a year-over-year basis. On average, analysts anticipate 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 program on Tuesday, August 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by 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.