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

Clio Asset Management LLC raised its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 19.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,862 shares of the company's stock after acquiring an additional 4,940 shares during the quarter. Builders FirstSource comprises approximately 3.1% of Clio Asset Management LLC's investment portfolio, making the stock its 12th biggest holding. Clio Asset Management LLC's holdings in Builders FirstSource were worth $3,856,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Builders FirstSource in the fourth quarter valued at approximately $34,000. Sentry Investment Management LLC bought a new position in shares of Builders FirstSource in the 1st quarter worth $40,000. CX Institutional acquired a new stake in shares of Builders FirstSource during the first quarter worth $45,000. Smartleaf Asset Management LLC increased its holdings in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after purchasing an additional 134 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Builders FirstSource in the fourth quarter valued at about $74,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Down 0.2%

Shares of NYSE:BLDR traded down $0.21 during trading on Tuesday, hitting $118.92. 2,363,308 shares of the company were exchanged, compared to its average volume of 1,701,612. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14. The stock has a market cap of $13.14 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 7.31 and a beta of 1.70. The company has a current ratio of 1.82, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02. The firm has a fifty day moving average price of $113.64 and a two-hundred day moving average price of $133.75.

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

Builders FirstSource announced that its board has authorized a stock repurchase plan on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Loop Capital lowered their price target 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. Robert W. Baird set a $130.00 target price on shares of Builders FirstSource in a report on Friday, May 2nd. Raymond James Financial reissued an "outperform" rating and issued a $140.00 price target (down previously from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Stephens reduced their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, BMO Capital Markets lowered their price target on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and an average price target of $163.11.

Insider Buying and Selling

In related news, Director Dirkson R. Charles acquired 5,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company's stock, valued at $548,350. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul S. Levy acquired 283,517 shares of the 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 transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 505,000 shares of company stock worth $56,032,120. Company insiders own 1.80% of the company's stock.

Builders FirstSource Company 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.