3,236 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Purchased by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has acquired a new position in Builders FirstSource, Inc. by purchasing 3,236 shares valued at approximately $404,000.
• Several hedge funds have increased their stakes in Builders FirstSource, with Envestnet Asset Management boosting its position by 29.2%, now owning shares valued at $34 million.
• Builders FirstSource's recent quarterly earnings exceeded analysts' expectations with an EPS of $2.38, yet the company's revenue has declined 5.0% year-over-year.

ASR Vermogensbeheer N.V. bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,236 shares of the company's stock, valued at approximately $404,000.

Several other large investors also recently modified their holdings of BLDR. Voya Investment Management LLC grew its position in Builders FirstSource by 174.2% in the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock worth $202,374,000 after buying an additional 899,841 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in Builders FirstSource by 16.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock worth $283,659,000 after purchasing an additional 326,923 shares in the last quarter. Coliseum Capital Management LLC purchased a new position in Builders FirstSource during the 4th quarter worth approximately $45,334,000. GAMMA Investing LLC grew its position in Builders FirstSource by 20,946.5% during the 1st quarter. GAMMA Investing LLC now owns 243,508 shares of the company's stock worth $30,424,000 after purchasing an additional 242,351 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Builders FirstSource during the 4th quarter valued at $34,540,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

NYSE BLDR traded up $8.61 during trading hours on Tuesday, hitting $137.37. The company's stock had a trading volume of 2,355,803 shares, compared to its average volume of 2,109,251. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The company's 50 day simple moving average is $123.77 and its two-hundred day simple moving average is $127.25. The company has a market cap of $15.19 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 13.64 and a beta of 1.68. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.03. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%. The business's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 EPS. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its board has authorized a stock buyback plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Dirkson R. Charles acquired 5,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $109.67 per share, with a total value of $548,350.00. Following the acquisition, the director directly owned 5,000 shares of the company's stock, valued at approximately $548,350. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Loop Capital decreased 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 note on Monday, April 14th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $134.00 price objective on shares of Builders FirstSource in a report on Friday, August 1st. Barclays dropped their price objective on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, August 1st. Stifel Nicolaus upped their target price on shares of Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Finally, Zelman & Associates restated an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Builders FirstSource currently has an average rating of "Hold" and an average target price of $154.44.

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.