Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 53.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 612,618 shares of the company's stock after purchasing an additional 214,391 shares during the period. Bessemer Group Inc. owned about 0.54% of Builders FirstSource worth $76,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC raised its position in Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after purchasing an additional 134 shares in the last quarter. Fisher Asset Management LLC boosted its position in Builders FirstSource by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after acquiring an additional 25,535 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Builders FirstSource by 36.1% in the 4th quarter. Benjamin Edwards Inc. now owns 11,188 shares of the company's stock valued at $1,599,000 after acquiring an additional 2,967 shares during the period. Capital Investment Advisors LLC raised its position in shares of Builders FirstSource by 22.8% in the 1st quarter. Capital Investment Advisors LLC now owns 12,882 shares of the company's stock worth $1,609,000 after acquiring an additional 2,390 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of Builders FirstSource during the 1st quarter worth $1,012,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BLDR has been the topic of several analyst reports. UBS Group cut their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Robert W. Baird set a $130.00 price objective on shares of Builders FirstSource in a research report on Friday, May 2nd. 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 report on Monday, April 14th. Wedbush lowered their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, June 20th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.11.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded up $2.82 on Friday, reaching $118.80. 381,339 shares of the stock were exchanged, compared to its average volume of 1,688,507. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The business has a 50 day moving average price of $113.69 and a two-hundred day moving average price of $133.11. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 7.38 and a beta of 1.69.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. The business had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The business's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.65 EPS. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a share buyback program on Thursday, May 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase 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.

Insider Buying and Selling

In related news, Director Dirkson R. Charles bought 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $548,350. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul S. Levy purchased 283,517 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was bought at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the acquisition, the director now directly owns 1,672,687 shares of the company's stock, valued at $186,019,521.27. This trade represents a 20.41% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 505,000 shares of company stock valued at $56,032,120 over the last 90 days. Insiders own 2.00% of the company's stock.

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.