Jacobs Levy Equity Management Inc. Has $108.86 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Jacobs Levy Equity Management Inc. boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 24.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 561,520 shares of the company’s stock after buying an additional 111,268 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.49% of Builders FirstSource worth $108,856,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BLDR. Innealta Capital LLC bought a new stake in shares of Builders FirstSource during the second quarter worth about $27,000. Brooklyn Investment Group purchased a new position in Builders FirstSource during the 3rd quarter valued at about $28,000. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource in the third quarter worth approximately $30,000. First Horizon Advisors Inc. lifted its holdings in Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. Finally, New Millennium Group LLC bought a new stake in Builders FirstSource in the second quarter worth $38,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated 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 completion of the sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, November 6th. Jefferies Financial Group increased their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Robert W. Baird increased their price objective on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group began coverage on Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 target price on the stock. Finally, B. Riley reduced their price target on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Five equities research 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. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and an average target price of $206.47.

Builders FirstSource Stock Performance

NYSE BLDR opened at $184.65 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The company’s 50 day simple moving average is $185.11 and its two-hundred day simple moving average is $168.62. The stock has a market capitalization of $21.25 billion, a PE ratio of 18.03, a P/E/G ratio of 1.04 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last released 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). The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.24 EPS. Analysts predict that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal 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 outstanding shares. This repurchase authorization permits the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

About Builders FirstSource

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.