Atria Investments Inc Decreases Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Atria Investments Inc reduced its position in Builders FirstSource, Inc. (NYSE:BLDR) by 17.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,852 shares of the company’s stock after selling 1,034 shares during the period. Atria Investments Inc’s holdings in Builders FirstSource were worth $941,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BLDR. Armstrong Advisory Group Inc. purchased a new stake in Builders FirstSource during the 3rd quarter worth approximately $30,000. Innealta Capital LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $27,000. Reston Wealth Management LLC purchased a new position in Builders FirstSource in the 3rd quarter worth $39,000. First Horizon Advisors Inc. lifted its position in Builders FirstSource by 42.1% during 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, Friedenthal Financial purchased a new stake in Builders FirstSource during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 2.7 %

BLDR stock opened at $176.28 on Monday. Builders FirstSource, Inc. has a 12-month low of $129.80 and a 12-month high of $214.70. The business’s 50-day moving average is $185.83 and its 200 day moving average is $168.06. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a market cap of $20.29 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.98 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) 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 firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the firm earned $4.24 earnings per share. The business’s revenue was down 6.7% on a year-over-year basis. On average, sell-side 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 stock buyback program on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was 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 of the company’s stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BLDR shares. Jefferies Financial Group upped their target price on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. UBS Group began coverage on shares of Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective on the stock. Barclays raised their target price on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. 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 report on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their price objective on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $206.47.

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.