Allspring Global Investments Holdings LLC Purchases 47,201 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Allspring Global Investments Holdings LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 189.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,065 shares of the company's stock after buying an additional 47,201 shares during the period. Allspring Global Investments Holdings LLC owned 0.06% of Builders FirstSource worth $9,052,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. FMR LLC increased its stake in Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after purchasing an additional 740,214 shares in the last quarter. Invesco Ltd. increased its stake in Builders FirstSource by 1.2% in the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock valued at $322,105,000 after purchasing an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Builders FirstSource by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock valued at $319,898,000 after purchasing an additional 77,666 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in Builders FirstSource by 47.2% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after purchasing an additional 623,583 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Builders FirstSource by 8.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company's stock valued at $225,637,000 after purchasing an additional 120,400 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of BLDR stock traded down $1.49 during trading hours on Friday, reaching $126.41. The company had a trading volume of 1,732,163 shares, compared to its average volume of 1,713,373. 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 firm has a market cap of $13.97 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 8.10 and a beta of 1.69. The business has a fifty day moving average price of $114.38 and a 200-day moving average price of $131.32. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. The company 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 firm's revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.65 earnings per share. Sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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

Insider Activity at Builders FirstSource

In related news, Director Paul S. Levy bought 283,517 shares of the stock in a transaction dated Thursday, May 8th. The shares were purchased at an average price 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 of the company's stock, valued at $186,019,521.27. This represents 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 available through the SEC website. Also, Director Dirkson R. Charles bought 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the acquisition, the director directly owned 5,000 shares of the company's stock, valued at approximately $548,350. This represents 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 in the last ninety days. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BLDR shares. Raymond James Financial reaffirmed an "outperform" rating and issued a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Royal Bank Of Canada reissued an "outperform" rating and set a $132.00 target price on shares of Builders FirstSource in a research report on Thursday, May 15th. Stephens decreased their target price 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 target price for the company. Finally, UBS Group decreased their target price on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Five equities 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $163.11.

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.