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

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

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource during the 4th quarter worth $34,000. Sentry Investment Management LLC acquired a new stake in Builders FirstSource in the 1st quarter valued at about $40,000. CX Institutional acquired a new stake in Builders FirstSource in the 1st quarter valued at about $45,000. New Age Alpha Advisors LLC acquired a new stake in Builders FirstSource in the 4th quarter valued at about $74,000. Finally, Mather Group LLC. grew its stake in 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 during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays decreased their price target on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price target on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $132.00 price objective on shares of Builders FirstSource in a research note on Thursday, May 15th. Wedbush decreased their price objective on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, June 20th. Finally, Stephens cut their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Five 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $163.11.

Builders FirstSource Price Performance

Shares of BLDR traded up $6.12 during midday trading on Wednesday, hitting $133.36. 2,695,605 shares of the company traded hands, compared to its average volume of 1,723,386. The stock has a 50-day moving average of $114.60 and a 200-day moving average of $130.87. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14. The firm has a market cap of $14.74 billion, a P/E ratio of 17.10, a PEG ratio of 7.95 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.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. Builders FirstSource's revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.65 earnings per share. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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

Insider Buying and Selling

In other Builders FirstSource news, Director Paul S. Levy acquired 283,517 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the completion of 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dirkson R. Charles acquired 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company's stock, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 505,000 shares of company stock valued at $56,032,120. Insiders own 1.80% of the company's stock.

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.