Greenleaf Trust Increases Position in Builders FirstSource, Inc. (NYSE:BLDR)

Greenleaf Trust boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,639 shares of the company’s stock after buying an additional 97 shares during the quarter. Greenleaf Trust’s holdings in Builders FirstSource were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $27,000. Armstrong Advisory Group Inc. purchased a new stake in Builders FirstSource during the third quarter worth $30,000. Westside Investment Management Inc. acquired a new stake in Builders FirstSource in the first quarter valued at $31,000. ORG Partners LLC purchased a new position in shares of Builders FirstSource in the first quarter valued at $33,000. Finally, First Horizon Advisors Inc. raised its stake in shares of 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 buying an additional 75 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on BLDR shares. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Builders FirstSource in a report on Tuesday, August 6th. Robert W. Baird raised their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Oppenheimer increased their target price on Builders FirstSource from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Loop Capital boosted their price target on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Barclays increased their price objective on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.35.

Insider Activity

In related news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the sale, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. This represents a 0.00 % 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. Corporate insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $180.80 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The firm’s 50 day moving average is $183.91 and its two-hundred day moving average is $168.92. The company has a market cap of $22.07 billion, a P/E ratio of 15.48, a P/E/G ratio of 11.48 and a beta of 2.06. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.48. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period last year, the company posted $3.89 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts expect that Builders FirstSource, Inc. will post 11.68 EPS for the current year.

Builders FirstSource declared that its board has approved a stock repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.