Captrust Financial Advisors Acquires 5,489 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Captrust Financial Advisors lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 23.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,682 shares of the company’s stock after purchasing an additional 5,489 shares during the quarter. Captrust Financial Advisors’ holdings in Builders FirstSource were worth $5,560,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Investment Advisers raised its stake in Builders FirstSource by 762.2% in the first quarter. Cetera Investment Advisers now owns 50,982 shares of the company’s stock valued at $10,632,000 after purchasing an additional 45,069 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Builders FirstSource by 110.0% during the 1st quarter. Cetera Advisors LLC now owns 7,948 shares of the company’s stock worth $1,658,000 after acquiring an additional 4,163 shares during the period. First Hawaiian Bank acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $261,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Builders FirstSource in the second quarter valued at approximately $41,000. Finally, Fulton Bank N.A. acquired a new position in Builders FirstSource during the second quarter valued at approximately $254,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $184.65 on Tuesday. The stock’s 50 day moving average is $185.11 and its 200 day moving average is $168.62. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The firm has a market cap of $21.25 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.04 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.

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 net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the company posted $4.24 earnings per share. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lifted 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. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and lifted their target price for the company from $165.00 to $220.00 in a research report on Monday, September 16th. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 price target on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.47.

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by company 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.