Arcataur Capital Management LLC Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Key Points

• Arcataur Capital Management LLC purchased 2,430 shares of Builders FirstSource, Inc. in Q1, valued at approximately $304,000, as disclosed in their recent SEC filing.
• Insiders have significantly increased their ownership, with notable purchases including 283,517 shares by Director Paul S. Levy at an approximate total cost of $31.5 million.
• Builders FirstSource's quarterly earnings beat expectations, reporting an EPS of $1.51, though revenue of $3.66 billion fell slightly short of estimates.

Arcataur Capital Management LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,430 shares of the company's stock, valued at approximately $304,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in shares of Builders FirstSource by 24.6% during the 4th quarter. Sei Investments Co. now owns 52,381 shares of the company's stock worth $7,487,000 after buying an additional 10,338 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its stake in shares of Builders FirstSource by 9.0% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 11,814 shares of the company's stock worth $1,689,000 after buying an additional 972 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in shares of Builders FirstSource by 24.4% during the 4th quarter. UniSuper Management Pty Ltd now owns 14,028 shares of the company's stock worth $2,005,000 after buying an additional 2,752 shares during the last quarter. NEOS Investment Management LLC lifted its stake in shares of Builders FirstSource by 27.8% during the 4th quarter. NEOS Investment Management LLC now owns 5,709 shares of the company's stock worth $816,000 after buying an additional 1,241 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Builders FirstSource during the 4th quarter worth about $199,890,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Insiders Place Their Bets

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

Builders FirstSource Trading Down 0.6%

BLDR traded down $0.77 during trading on Monday, reaching $135.69. 1,832,109 shares of the company's stock were exchanged, compared to its average volume of 2,034,128. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14. 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 capitalization of $15.00 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 12.48 and a beta of 1.69. The firm has a fifty day moving average price of $118.98 and a two-hundred day moving average price of $129.39.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the previous year, the firm posted $2.65 EPS. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has initiated a stock buyback program on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BLDR shares. Wedbush dropped their price objective on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, June 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective for the company. Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Barclays dropped their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price objective on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $159.42.

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.