15,526 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Acquired by Regents Gate Capital LLP

Regents Gate Capital LLP purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 15,526 shares of the company's stock, valued at approximately $1,940,000.

Several other institutional investors have also modified their holdings of the business. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Builders FirstSource by 3.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock worth $278,000 after purchasing an additional 64 shares during the period. HighPoint Advisor Group LLC raised its position in shares of Builders FirstSource by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock worth $262,000 after purchasing an additional 83 shares during the period. Aptus Capital Advisors LLC lifted its position in shares of Builders FirstSource by 6.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock valued at $214,000 after acquiring an additional 85 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Builders FirstSource by 2.3% in the 4th quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock valued at $628,000 after acquiring an additional 98 shares in the last quarter. Finally, Mather Group LLC. lifted its position in shares of Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Activity

In other news, Director Dirkson R. Charles acquired 5,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $109.67 per share, with a total value of $548,350.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $548,350. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul S. Levy bought 283,517 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were purchased at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the acquisition, 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 disclosure for this purchase can be found here. Insiders have purchased 505,000 shares of company stock worth $56,032,120 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Up 1.7%

BLDR stock traded up $2.24 during trading hours on Thursday, reaching $135.24. 2,793,014 shares of the stock were exchanged, compared to its average volume of 1,730,058. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The company has a market cap of $14.95 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 8.47 and a beta of 1.69. The firm's 50-day moving average is $115.34 and its 200-day moving average is $130.79.

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

Builders FirstSource announced that its Board of Directors has initiated a share repurchase program on Thursday, May 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have commented on BLDR. Stephens decreased their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Wedbush lowered their price target on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, June 20th. Royal Bank Of Canada restated an "outperform" rating and set a $132.00 price target on shares of Builders FirstSource in a report on Thursday, May 15th. BMO Capital Markets lowered their price target on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a report on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.