AustralianSuper Pty Ltd lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 136.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 304,972 shares of the company's stock after buying an additional 175,854 shares during the period. AustralianSuper Pty Ltd owned about 0.27% of Builders FirstSource worth $38,103,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in BLDR. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Builders FirstSource by 3.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock worth $278,000 after buying an additional 64 shares during the period. HighPoint Advisor Group LLC raised its stake in shares of Builders FirstSource by 5.2% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock worth $262,000 after buying an additional 83 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in Builders FirstSource by 6.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock valued at $214,000 after buying an additional 85 shares during the period. Auxano Advisors LLC grew its holdings in shares of Builders FirstSource by 3.8% during the first quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock valued at $310,000 after purchasing an additional 91 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in Builders FirstSource by 2.3% during the fourth quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock valued at $628,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 95.53% of the company's stock.
Builders FirstSource Trading Down 2.8%
Shares of NYSE BLDR traded down $3.61 during trading hours on Friday, reaching $123.24. The stock had a trading volume of 1,810,123 shares, compared to its average volume of 1,708,039. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 8.28 and a beta of 1.69. The company has a current ratio of 1.82, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. The business's fifty day moving average price is $117.47 and its two-hundred day moving average price is $130.03.
Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the company earned $2.65 earnings per share. Builders FirstSource's quarterly revenue was down 6.0% compared to the same quarter last year. Analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.
Builders FirstSource announced that its Board of Directors has approved a share repurchase 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 an indication that the company's board believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on BLDR. Stephens cut their price target on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $132.00 target price on shares of Builders FirstSource in a research note on Thursday, May 15th. Raymond James Financial reissued an "outperform" rating and set a $140.00 price objective (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. UBS Group dropped their target price on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Robert W. Baird set a $130.00 price target on shares of Builders FirstSource in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.42.
Read Our Latest Analysis on BLDR
Insiders Place Their Bets
In related news, Director Paul S. Levy acquired 283,517 shares of the stock in a transaction dated Thursday, May 8th. The stock was bought at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the purchase, the director directly owned 1,672,687 shares of the company's stock, valued at $186,019,521.27. The trade was a 20.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dirkson R. Charles purchased 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost 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 of the company's stock, valued at approximately $548,350. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 505,000 shares of company stock valued at $56,032,120. Corporate insiders own 2.00% of the company's stock.
About Builders FirstSource
(
Free Report)
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.
Further Reading
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