111 Capital Takes $356,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

111 Capital purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,494 shares of the company's stock, valued at approximately $356,000.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Builders FirstSource in the 4th quarter worth about $34,000. Avion Wealth increased its holdings in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after acquiring an additional 306 shares in the last quarter. Mather Group LLC. boosted its stake in Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock worth $71,000 after purchasing an additional 237 shares during the period. Smartleaf Asset Management LLC boosted its stake in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in Builders FirstSource in the 4th quarter worth approximately $74,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Builders FirstSource news, Director Dirkson R. Charles purchased 5,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of $109.67 per share, with a total value of $548,350.00. Following the transaction, the director now directly owns 5,000 shares of the company's stock, valued at approximately $548,350. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul S. Levy purchased 216,483 shares of the stock in a transaction on Thursday, May 8th. The shares were acquired at an average cost of $110.65 per share, with a total value of $23,953,843.95. Following the transaction, the director now directly owns 1,389,170 shares in the company, valued at $153,711,660.50. The trade was a 18.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 505,000 shares of company stock worth $56,032,120 in the last quarter. 2.00% of the stock is owned by company insiders.

Builders FirstSource Stock Up 2.6%

Shares of NYSE BLDR traded up $2.76 during trading hours on Tuesday, hitting $108.39. The company had a trading volume of 873,964 shares, compared to its average volume of 1,674,248. The stock has a market capitalization of $11.98 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $203.14. The firm's 50 day moving average is $116.60 and its 200-day moving average is $140.95.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the previous year, the firm earned $2.65 earnings per share. The firm's quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has approved a share repurchase plan on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent research reports. Stephens decreased their price target on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Loop Capital dropped their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus lowered their price target on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday, May 5th. The Goldman Sachs Group decreased their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, UBS Group dropped their price target on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $167.58.

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.