Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Altus Wealth Group LLC

Altus Wealth Group LLC boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 11.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,021 shares of the company's stock after buying an additional 4,549 shares during the quarter. Builders FirstSource accounts for 2.6% of Altus Wealth Group LLC's investment portfolio, making the stock its 10th largest position. Altus Wealth Group LLC's holdings in Builders FirstSource were worth $5,625,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Builders FirstSource during the fourth quarter worth about $34,000. Sentry Investment Management LLC acquired a new stake in shares of Builders FirstSource in the 1st quarter valued at about $40,000. CX Institutional purchased a new position in Builders FirstSource during the 1st quarter worth approximately $45,000. Smartleaf Asset Management LLC increased its position in Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after buying an additional 134 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in Builders FirstSource in the fourth quarter valued at approximately $74,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 1.2%

Shares of NYSE BLDR traded down $1.49 during mid-day trading on Thursday, reaching $126.41. 1,732,163 shares of the company traded hands, compared to its average volume of 1,713,373. The company's fifty day moving average is $114.28 and its two-hundred day moving average is $131.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.82. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14. The stock has a market cap of $13.97 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 8.14 and a beta of 1.69.

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 the consensus estimate 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 last year, the company posted $2.65 earnings per share. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. On average, analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a stock buyback program on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Raymond James Financial reaffirmed an "outperform" rating and issued a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Robert W. Baird set a $130.00 price objective on Builders FirstSource in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a research note on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price on the stock. Wedbush decreased their price target 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, Royal Bank Of Canada reiterated an "outperform" rating and issued a $132.00 price objective on shares of Builders FirstSource in a research report on Thursday, May 15th. Five research 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. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and an average price target of $163.11.

Insiders Place Their Bets

In other news, Director Paul S. Levy bought 283,517 shares of the business's stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the transaction, the director directly owned 1,672,687 shares in the company, valued at approximately $186,019,521.27. The trade was a 20.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 purchased 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 company insiders.

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.