Retireful LLC Buys Shares of 2,448 Builders FirstSource, Inc. (NYSE:BLDR)

Retireful LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,448 shares of the company's stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds have also modified their holdings of BLDR. Meiji Yasuda Asset Management Co Ltd. increased its stake in Builders FirstSource by 3.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock valued at $278,000 after purchasing an additional 64 shares in the last quarter. TFB Advisors LLC increased its stake in Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock valued at $546,000 after purchasing an additional 79 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in Builders FirstSource by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock valued at $262,000 after purchasing an additional 83 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in Builders FirstSource by 6.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock valued at $214,000 after purchasing an additional 85 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in Builders FirstSource by 2.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock valued at $628,000 after purchasing an additional 98 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy purchased 283,517 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were acquired 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 now owns 1,672,687 shares in the company, valued at $186,019,521.27. The trade was a 20.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dirkson R. Charles purchased 5,000 shares of the 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 now owns 5,000 shares of the company's stock, valued at $548,350. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 505,000 shares of company stock worth $56,032,120 over the last quarter. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BLDR. Truist Financial lowered their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. BMO Capital Markets lowered their target price on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research note on Monday, May 5th. Stephens lowered their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Robert W. Baird set a $130.00 price objective on shares of Builders FirstSource in a research report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 target price for the company. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $167.58.

Builders FirstSource Stock Performance

BLDR stock traded up $0.56 during trading hours on Thursday, reaching $113.29. The stock had a trading volume of 2,245,963 shares, compared to its average volume of 1,675,978. The stock has a market capitalization of $12.52 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a 50-day simple moving average of $115.77 and a 200 day simple moving average of $140.10. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week 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 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.65 earnings per share. Analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its board has approved a share repurchase program on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Builders FirstSource Company 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.