Banco Santander S.A. Has $421,000 Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Banco Santander S.A. trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 45.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,370 shares of the company's stock after selling 2,780 shares during the period. Banco Santander S.A.'s holdings in Builders FirstSource were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BLDR. IMA Advisory Services Inc. acquired a new position in shares of Builders FirstSource in the first quarter valued at $31,000. Sentry Investment Management LLC acquired a new position in shares of Builders FirstSource in the first quarter valued at $40,000. CX Institutional acquired a new position in shares of Builders FirstSource in the first quarter valued at $45,000. Mather Group LLC. increased its holdings in shares of Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after purchasing an additional 98 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Builders FirstSource in the first quarter valued at $95,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Builders FirstSource

In other news, Director Dirkson R. Charles acquired 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company's stock, valued at $548,350. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul S. Levy acquired 283,517 shares of the stock in a transaction dated Thursday, May 8th. The stock was purchased at an average cost of $111.21 per share, with a total value 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. This trade represents a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 505,000 shares of company stock valued at $56,032,120 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Builders FirstSource Stock Down 1.5%

BLDR stock opened at $128.24 on Tuesday. The stock has a market capitalization of $14.17 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 11.90 and a beta of 1.68. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The firm has a 50-day moving average price of $120.91 and a 200-day moving average price of $128.40.

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

Builders FirstSource declared that its board has initiated a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BLDR shares. Stifel Nicolaus upped their price objective on shares of Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a report on Friday. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Oppenheimer set a $155.00 price target on shares of Builders FirstSource and gave the company an "outperform" rating in a research note on Thursday, July 10th. Robert W. Baird downgraded shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $145.00 to $130.00 in a research note on Friday. Finally, Stephens decreased their price target on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.16.

Builders FirstSource Profile

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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