Altus Wealth Group LLC Grows Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Altus Wealth Group LLC lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 11.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,021 shares of the company's stock after purchasing an additional 4,549 shares during the period. Builders FirstSource accounts for 2.6% of Altus Wealth Group LLC's 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of BLDR. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the fourth quarter worth $34,000. Sentry Investment Management LLC acquired a new stake in Builders FirstSource in the first quarter worth about $40,000. CX Institutional acquired a new position in Builders FirstSource during the 1st quarter valued at about $45,000. Smartleaf Asset Management LLC lifted its position in Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after purchasing an additional 134 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of Builders FirstSource in the 4th quarter valued at about $74,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Up 1.0%

Shares of NYSE:BLDR opened at $117.11 on Monday. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 7.45 and a beta of 1.70. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The company's fifty day simple moving average is $113.69 and its 200 day simple moving average is $132.20. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results 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 firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The company's revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.65 EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BLDR shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective on the stock. Loop Capital dropped their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Raymond James Financial restated an "outperform" rating and issued a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $132.00 price objective on shares of Builders FirstSource in a report on Thursday, May 15th. Finally, UBS Group reduced their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock 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 given a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and an average price target of $163.11.

Insider Buying and Selling

In other Builders FirstSource news, Director Paul S. Levy bought 283,517 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 8th. The stock was acquired at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the completion of the acquisition, the director now owns 1,672,687 shares of the company's stock, valued at $186,019,521.27. This trade represents a 20.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dirkson R. Charles bought 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $109.67 per share, with a total value of $548,350.00. Following the transaction, the director now owns 5,000 shares of the company's stock, valued at $548,350. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 505,000 shares of company stock worth $56,032,120. 1.80% of the stock is owned by corporate insiders.

About Builders FirstSource

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.

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