2,306 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Bought by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,306 shares of the company's stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BLDR. Mirae Asset Global Investments Co. Ltd. raised its position in Builders FirstSource by 24.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,481 shares of the company's stock valued at $1,679,000 after purchasing an additional 2,629 shares in the last quarter. Oakworth Capital Inc. raised its position in Builders FirstSource by 7.5% during the first quarter. Oakworth Capital Inc. now owns 228,563 shares of the company's stock valued at $28,557,000 after purchasing an additional 15,981 shares in the last quarter. Achmea Investment Management B.V. raised its position in Builders FirstSource by 26.4% during the first quarter. Achmea Investment Management B.V. now owns 116,611 shares of the company's stock valued at $14,570,000 after purchasing an additional 24,360 shares in the last quarter. KPP Advisory Services LLC raised its position in Builders FirstSource by 56.7% during the first quarter. KPP Advisory Services LLC now owns 3,236 shares of the company's stock valued at $404,000 after purchasing an additional 1,171 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Builders FirstSource by 12.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,097,741 shares of the company's stock valued at $137,152,000 after purchasing an additional 121,616 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Up 1.0%

Shares of NYSE:BLDR opened at $117.11 on Friday. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14. The company has a market cap of $12.94 billion, a PE ratio of 15.01, a P/E/G ratio of 7.45 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 stock's 50-day moving average is $113.69 and its 200 day moving average is $132.46.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the business earned $2.65 EPS. Builders FirstSource's revenue was down 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its Board of Directors has approved a share repurchase program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in outstanding 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 leadership believes its stock is undervalued.

Insider Buying and Selling at Builders FirstSource

In other news, Director Dirkson R. Charles acquired 5,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were acquired at an average cost of $109.67 per share, with a total value of $548,350.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $548,350. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul S. Levy acquired 283,517 shares of the business's stock in a transaction on Thursday, May 8th. The shares were purchased at an average cost of $111.21 per share, for a total transaction of $31,529,925.57. Following the completion of the transaction, the director now owns 1,672,687 shares in the company, 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. In the last three months, insiders have bought 505,000 shares of company stock valued at $56,032,120. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on BLDR. Stephens lowered their price target on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Raymond James Financial restated an "outperform" rating and set a $140.00 price target (down previously from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. BMO Capital Markets lowered their price target on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research report on Monday, May 5th. Loop Capital decreased their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird set a $130.00 price objective on Builders FirstSource in a report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $163.11.

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.

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.