Clio Asset Management LLC Has $3.86 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Clio Asset Management LLC boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 19.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,862 shares of the company's stock after purchasing an additional 4,940 shares during the period. Builders FirstSource accounts for approximately 3.1% of Clio Asset Management LLC's holdings, making the stock its 12th largest holding. Clio Asset Management LLC's holdings in Builders FirstSource were worth $3,856,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at $34,000. Sentry Investment Management LLC acquired a new stake in shares of Builders FirstSource in the 1st quarter valued at $40,000. CX Institutional acquired a new stake in shares of Builders FirstSource in the 1st quarter valued at $45,000. Smartleaf Asset Management LLC increased its stake in shares of Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after buying an additional 134 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at $74,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 7.4%

BLDR stock traded up $7.95 during midday trading on Friday, hitting $114.80. 7,849,189 shares of the company's stock were exchanged, compared to its average volume of 1,695,608. The stock's fifty day moving average price is $113.64 and its 200-day moving average price is $134.44. 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 company has a market cap of $12.69 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 7.31 and a beta of 1.69. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The company's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.65 earnings per share. Research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has initiated a share repurchase plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BLDR. Stephens lowered their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. UBS Group decreased their price objective on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Benchmark decreased their price objective on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Loop Capital decreased their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Barclays decreased their price objective on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of "Moderate Buy" and an average target price of $163.11.

Insider Activity

In other news, Director Paul S. Levy purchased 283,517 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $111.21 per share, for a total transaction of $31,529,925.57. Following the completion of the acquisition, the director now directly owns 1,672,687 shares in the company, valued at approximately $186,019,521.27. This trade represents a 20.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dirkson R. Charles purchased 5,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company's stock, valued at approximately $548,350. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 505,000 shares of company stock worth $56,032,120 over the last three months. Corporate 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.