3Chopt Investment Partners LLC Takes $288,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

3Chopt Investment Partners LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,306 shares of the company's stock, valued at approximately $288,000.

Several other large investors also recently bought and sold shares of BLDR. Smartleaf Asset Management LLC increased its holdings in Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after buying an additional 134 shares during the last quarter. Fisher Asset Management LLC grew its position in Builders FirstSource by 14.9% in the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after acquiring an additional 25,535 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted 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 valued at $2,500,000 after buying an additional 3,131 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Builders FirstSource by 36.1% during the fourth quarter. Benjamin Edwards Inc. now owns 11,188 shares of the company's stock valued at $1,599,000 after buying an additional 2,967 shares during the period. Finally, Sowell Financial Services LLC purchased a new position in Builders FirstSource during the first quarter valued at approximately $1,012,000. 95.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Dirkson R. Charles acquired 5,000 shares of the firm's stock in a transaction on 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 transaction, the director directly owned 5,000 shares in the company, valued at approximately $548,350. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul S. Levy acquired 283,517 shares of the firm's stock in a transaction 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 acquisition, the director owned 1,672,687 shares in the company, valued at $186,019,521.27. This represents a 20.41% 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 valued at $56,032,120 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BLDR has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price objective on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Barclays dropped their price target on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $132.00 price objective on shares of Builders FirstSource in a research report on Thursday, May 15th. Raymond James Financial reaffirmed 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. Finally, Robert W. Baird set a $130.00 price objective on shares of Builders FirstSource in a report on Friday, May 2nd. Five equities research 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 stock currently has an average rating of "Moderate Buy" and an average target price of $163.11.

Builders FirstSource Stock Up 0.7%

BLDR stock traded up $0.89 during mid-day trading on Wednesday, reaching $127.80. The company had a trading volume of 2,977,242 shares, compared to its average volume of 1,707,931. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.82. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 7.43 and a beta of 1.69. The firm has a fifty day simple moving average of $113.96 and a 200 day simple moving average of $131.82.

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

Builders FirstSource announced that its board has authorized a share buyback plan on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

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.