Asio Capital LLC Makes New $2.21 Million Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Asio Capital LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 17,655 shares of the company's stock, valued at approximately $2,206,000.

A number of other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in Builders FirstSource during the 4th quarter worth approximately $199,890,000. Voya Investment Management LLC boosted its holdings in Builders FirstSource by 174.2% during the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock worth $202,374,000 after purchasing an additional 899,841 shares during the last quarter. FMR LLC grew its position 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. Proficio Capital Partners LLC increased its stake in Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock valued at $92,891,000 after buying an additional 645,746 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its position in Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after buying an additional 623,583 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Paul S. Levy acquired 283,517 shares of the company's stock in a transaction on 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 purchase, the director now owns 1,672,687 shares of the company's stock, valued at $186,019,521.27. This represents a 20.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dirkson R. Charles purchased 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $548,350. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 505,000 shares of company stock worth $56,032,120 over the last 90 days. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BLDR shares. Stephens dropped their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. BMO Capital Markets cut their price objective on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research report on Monday, May 5th. Barclays reduced their price objective on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Raymond James Financial reiterated an "outperform" rating and set a $140.00 target price (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Five investment 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 company. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded down $1.29 on Wednesday, hitting $106.69. The company's stock had a trading volume of 3,099,524 shares, compared to its average volume of 1,682,205. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 7.11 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 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 fifty day moving average price of $114.38 and a 200-day moving average price of $135.95.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly 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. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the previous year, the business earned $2.65 earnings per share. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a stock repurchase program on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

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.