Mountaineer Partners Management LLC Purchases New Shares in Builders FirstSource, Inc. (NYSE:BLDR)

Mountaineer Partners Management LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,831,927 shares of the company’s stock, valued at approximately $2,099,877,000. Builders FirstSource comprises about 17.5% of Mountaineer Partners Management LLC’s investment portfolio, making the stock its 2nd largest position. Mountaineer Partners Management LLC owned approximately 0.09% of Builders FirstSource as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of Builders FirstSource during the second quarter worth approximately $27,000. Brooklyn Investment Group purchased a new position in Builders FirstSource during the 3rd quarter worth $28,000. Armstrong Advisory Group Inc. purchased a new position in Builders FirstSource during the 3rd quarter worth $30,000. First Horizon Advisors Inc. lifted its stake in shares of Builders FirstSource by 42.1% in the 2nd 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 period. Finally, New Millennium Group LLC purchased a new stake in shares of Builders FirstSource in the second quarter valued at about $38,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm’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 completion of the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Builders FirstSource Trading Down 0.2 %

Shares of BLDR opened at $184.47 on Wednesday. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The stock’s 50-day moving average is $184.94 and its two-hundred day moving average is $168.74. 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 stock has a market cap of $21.23 billion, a PE ratio of 18.01, a P/E/G ratio of 1.03 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last released its quarterly 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). The firm had revenue of $4.23 billion for 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 business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the firm earned $4.24 EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Bank of America lifted their price objective on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. DA Davidson increased their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, B. Riley lowered their price target on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.