AMF Tjanstepension AB buys new shares in Builders FirstSource, Inc. (NYSE:BLDR)

AMF Tjanstepension AB acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,586 shares of the company’s stock, valued at approximately $1,471,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. purchased a new position in shares of Builders FirstSource in the first quarter valued at $31,000. ORG Partners LLC acquired a new stake in Builders FirstSource in the 1st quarter worth approximately $33,000. American Capital Advisory LLC purchased a new stake in Builders FirstSource in the 1st quarter worth approximately $34,000. Inçalta Capital LLC purchased a new stake in Builders FirstSource during the 2nd quarter worth approximately $27,000. Finally, Optimum Investment Advisors acquired a new stake in Builders FirstSource in the first quarter worth approximately $52,000. Institutional investors and hedge funds own 95.53% of the company’s shares.

Insiders place their bets

In other news, Director Craig Arthur Steinke sold 30,000 shares of the company’s 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 transaction, the director now directly owns 95,333 shares in the company, valued at $14,650,775.44. The sale was disclosed in a filing with the SEC, which can be accessed via this link. Company insiders own 1.80% of the company’s shares.

Analysts on Wall Street are forecasting an increase

A number of equities research analysts have commented on BLDR shares. Baird RW upgraded Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of Builders FirstSource in a research report on Tuesday, August 6th. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Benchmark decreased their price objective on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada reduced their price objective on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a research report on Wednesday. August 7. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.00, according to MarketBeat.com.

Get the latest stock report on BLDR

Builders FirstSource stocks rose 0.3%

Shares of BLDR opened at $195.77 on Friday. The stock’s 50-day simple moving average is $174.02 and its 200-day simple moving average is $170.76. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14, and a current ratio of 1.83. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70. The company has a market cap of $23.90 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 11.56 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the business earned $3.89 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Builders FirstSource, Inc. will post 11.68 EPS for the current year.

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

Builders FirstSource Profile

(Free report)

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components and construction services to professional home builders, subcontractors, remodelers and consumers in the United States. Provides lumber and sheet goods that include dimensional lumber, plywood and oriented strand board products that are used within the home on site; manufactured products such as wood floor and roof trusses, floor trusses, wall panels, stairs and engineered wood products; and interior and exterior window and door units, as well as interior trim and custom products comprising intricate moldings, stair parts and columns under the Synboard brand.

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