Guidance Capital Inc. Sells 192 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Guidance Capital Inc. decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 13.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,213 shares of the company’s stock after selling 192 shares during the quarter. Guidance Capital Inc.’s holdings in Builders FirstSource were worth $236,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Boston Partners increased its position in shares of Builders FirstSource by 0.8% during the first quarter. Boston Partners now owns 1,377,335 shares of the company’s stock worth $285,794,000 after purchasing an additional 10,551 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after purchasing an additional 911,990 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Builders FirstSource by 22.7% during the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock worth $147,059,000 after purchasing an additional 196,571 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Builders FirstSource by 1.2% during the second quarter. William Blair Investment Management LLC now owns 1,051,461 shares of the company’s stock worth $145,533,000 after purchasing an additional 12,518 shares in the last quarter. Finally, Anomaly Capital Management LP increased its position in shares of Builders FirstSource by 22.5% during the second quarter. Anomaly Capital Management LP now owns 1,020,441 shares of the company’s stock worth $141,239,000 after purchasing an additional 187,371 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR opened at $179.24 on Thursday. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83. The firm has a market cap of $21.88 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 11.48 and a beta of 2.06. The firm’s fifty day moving average is $183.18 and its two-hundred day moving average is $169.18.

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

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

Insider Transactions at Builders FirstSource

In other news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 95,333 shares of the company’s stock, valued at $14,650,775.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

BLDR has been the topic of a number of recent analyst reports. Bank of America upped their price target on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Loop Capital upped their price target on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Stifel Nicolaus cut their target price on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Monday, September 23rd. Finally, The Goldman Sachs Group assumed coverage on Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price on the stock. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus price target of $198.38.

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.