Bank Julius Baer & Co. Ltd Zurich decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,292 shares of the company's stock after selling 2,989 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Builders FirstSource were worth $6,708,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Builders FirstSource by 3.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock worth $278,000 after purchasing an additional 64 shares during the period. HighPoint Advisor Group LLC lifted its holdings in shares of Builders FirstSource by 5.2% in the fourth 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 boosted its position in shares of Builders FirstSource by 6.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock valued at $214,000 after acquiring an additional 85 shares during the period. Auxano Advisors LLC boosted its position in shares of Builders FirstSource by 3.8% in the first quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock valued at $310,000 after acquiring an additional 91 shares during the period. Finally, Baird Financial Group Inc. grew its stake 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 acquiring an additional 98 shares in the last quarter. Institutional investors own 95.53% of the company's stock.
Insider Activity at Builders FirstSource
In other news, Director Paul S. Levy acquired 283,517 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were purchased at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the completion of the transaction, the director 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dirkson R. Charles bought 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired 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 directly owned 5,000 shares of the company's stock, valued at $548,350. The trade was 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 in the last 90 days. Company insiders own 2.00% of the company's stock.
Builders FirstSource Trading Up 2.8%
NYSE:BLDR traded up $3.70 during trading hours on Friday, reaching $136.49. The company's stock had a trading volume of 1,455,464 shares, compared to its average volume of 2,070,218. 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 market capitalization of $15.08 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 12.48 and a beta of 1.69. The firm has a 50-day simple moving average of $118.61 and a 200-day simple moving average of $129.52. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14.
Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (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 business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the company earned $2.65 EPS. Builders FirstSource's revenue for the quarter was down 6.0% compared to the same quarter last year. Research 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 repurchase program on Thursday, May 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
Analyst Ratings Changes
BLDR has been the topic of several recent analyst reports. Loop Capital lowered their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Raymond James Financial reiterated an "outperform" rating and issued a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Robert W. Baird set a $130.00 price objective on Builders FirstSource in a research note on Friday, May 2nd. Stephens decreased their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price target on the stock. One research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $159.42.
Check Out Our Latest Analysis on Builders FirstSource
Builders FirstSource Profile
(
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.
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