Allspring Global Investments Holdings LLC Has $9.05 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Allspring Global Investments Holdings LLC lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 189.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,065 shares of the company's stock after acquiring an additional 47,201 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Builders FirstSource worth $9,052,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Builders FirstSource by 3.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock worth $278,000 after acquiring an additional 64 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in shares of Builders FirstSource by 5.2% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock worth $262,000 after acquiring an additional 83 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of Builders FirstSource by 6.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock worth $214,000 after acquiring an additional 85 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Builders FirstSource by 2.3% during the 4th quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock worth $628,000 after acquiring an additional 98 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in shares of Builders FirstSource by 1.0% in the fourth quarter. King Luther Capital Management Corp now owns 11,529 shares of the company's stock valued at $1,648,000 after purchasing an additional 113 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on BLDR. Barclays reduced their target price on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. UBS Group reduced their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Loop Capital reduced their target price on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wedbush reduced their target price on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, June 20th. Finally, BMO Capital Markets reduced their target price on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $163.11.

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 dated 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 owned 1,672,687 shares in the company, valued at $186,019,521.27. This trade represents a 20.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dirkson R. Charles purchased 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was 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 owned 5,000 shares of the company's stock, valued at $548,350. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 505,000 shares of company stock worth $56,032,120 over the last three months. Company insiders own 1.80% of the company's stock.

Builders FirstSource Stock Up 2.0%

Builders FirstSource stock traded up $2.54 during mid-day trading on Tuesday, hitting $127.40. 2,288,309 shares of the company's stock were exchanged, compared to its average volume of 1,719,489. The company has a current ratio of 1.82, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02. The stock has a market cap of $14.08 billion, a P/E ratio of 16.33, a P/E/G ratio of 7.95 and a beta of 1.69. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $203.14. The stock has a 50 day moving average of $114.60 and a two-hundred day moving average of $130.87.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. The firm had revenue of $3.66 billion for 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% on a year-over-year basis. During the same period in the prior year, the business posted $2.65 earnings per share. As a group, analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board 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.