Pekin Hardy Strauss Inc. Has $417,000 Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Pekin Hardy Strauss Inc. reduced its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 8.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,150 shares of the company’s stock after selling 200 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Builders FirstSource were worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC raised its stake in shares of Builders FirstSource by 3.7% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock valued at $305,000 after acquiring an additional 56 shares during the last quarter. World Equity Group Inc. boosted its stake in Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock worth $316,000 after purchasing an additional 64 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Builders FirstSource by 0.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after purchasing an additional 74 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after buying an additional 75 shares in the last quarter. Finally, Csenge Advisory Group raised its holdings in shares of Builders FirstSource by 1.9% in the second quarter. Csenge Advisory Group now owns 4,252 shares of the company’s stock valued at $589,000 after buying an additional 81 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 1.5 %

BLDR opened at $178.52 on Monday. The firm’s fifty day moving average is $186.23 and its two-hundred day moving average is $167.88. The firm has a market cap of $20.54 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 0.98 and a beta of 2.08. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 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 business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the business posted $4.24 EPS. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

BLDR has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. DA Davidson boosted their price objective 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. B. Riley decreased their price objective on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Baird R W upgraded Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group assumed coverage on Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target on the stock. 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 company’s stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and an average target price of $206.47.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the 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 sale, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.

Builders FirstSource 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.