Regents Gate Capital LLP Invests $1.94 Million in Builders FirstSource, Inc. (NYSE:BLDR)

Regents Gate Capital LLP purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,526 shares of the company's stock, valued at approximately $1,940,000.

A number of other institutional investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its holdings in Builders FirstSource by 18.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company's stock worth $2,500,000 after acquiring an additional 3,131 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Builders FirstSource by 41.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company's stock worth $945,000 after acquiring an additional 2,216 shares during the period. Altus Wealth Group LLC increased its holdings in Builders FirstSource by 11.2% during the 1st quarter. Altus Wealth Group LLC now owns 45,021 shares of the company's stock worth $5,625,000 after acquiring an additional 4,549 shares during the period. Sowell Financial Services LLC bought a new stake in Builders FirstSource during the 1st quarter worth approximately $1,012,000. Finally, Benjamin Edwards Inc. increased its holdings in Builders FirstSource by 36.1% during the 4th quarter. Benjamin Edwards Inc. now owns 11,188 shares of the company's stock worth $1,599,000 after acquiring an additional 2,967 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Builders FirstSource

In other news, Director Paul S. Levy purchased 283,517 shares of the company's stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the transaction, the director directly owned 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. This represents a 20.41% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dirkson R. Charles bought 5,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at approximately $548,350. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 505,000 shares of company stock valued at $56,032,120 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Builders FirstSource Trading Down 1.3%

BLDR traded down $1.73 during trading on Friday, hitting $133.39. 1,602,443 shares of the stock traded hands, compared to its average volume of 1,719,060. The firm has a market capitalization of $14.74 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 8.49 and a beta of 1.69. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07. The firm has a 50-day moving average of $115.73 and a 200 day moving average of $130.56. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. The business had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.65 EPS. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its board has approved a stock buyback program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have recently commented on BLDR shares. Raymond James Financial reissued an "outperform" rating and issued a $140.00 price target (down previously from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Loop Capital decreased their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, April 14th. UBS Group decreased their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Oppenheimer decreased their price target on shares of Builders FirstSource from $165.00 to $155.00 and set an "outperform" rating on the stock in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.42.

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.