Diamond Hill Capital Management Inc. Increases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Diamond Hill Capital Management Inc. increased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 16.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,270,362 shares of the company's stock after purchasing an additional 326,923 shares during the period. Diamond Hill Capital Management Inc. owned approximately 2.00% of Builders FirstSource worth $283,659,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its stake in Builders FirstSource by 4.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 15,364 shares of the company's stock valued at $2,196,000 after buying an additional 690 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in Builders FirstSource by 44.4% in the fourth quarter. Mizuho Securities USA LLC now owns 10,907 shares of the company's stock valued at $1,559,000 after buying an additional 3,356 shares in the last quarter. Sei Investments Co. boosted its stake in Builders FirstSource by 24.6% in the fourth quarter. Sei Investments Co. now owns 52,381 shares of the company's stock valued at $7,487,000 after buying an additional 10,338 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Builders FirstSource in the fourth quarter valued at about $5,946,000. Finally, LPL Financial LLC boosted its stake in Builders FirstSource by 12.6% in the fourth quarter. LPL Financial LLC now owns 287,571 shares of the company's stock valued at $41,103,000 after buying an additional 32,121 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on BLDR. Wedbush cut their price target on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, June 20th. UBS Group cut their price target 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. Deutsche Bank Aktiengesellschaft began coverage on Builders FirstSource in a research note on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. Stephens cut their price target 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, Oppenheimer set a $155.00 price target on Builders FirstSource and gave the company an "outperform" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $159.42.

Insider Buying and Selling

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of the stock in a transaction 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 acquisition, the director owned 5,000 shares in the company, valued at $548,350. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul S. Levy bought 283,517 shares of the stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the acquisition, the director owned 1,672,687 shares of the company's stock, valued at $186,019,521.27. This represents a 20.41% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 505,000 shares of company stock valued at $56,032,120. 2.00% of the stock is currently owned by corporate insiders.

Builders FirstSource Trading Up 2.8%

Shares of Builders FirstSource stock traded up $3.70 during midday trading on Friday, reaching $136.49. The company had a trading volume of 1,455,464 shares, compared to its average volume of 2,070,218. The stock has a fifty day moving average price of $118.61 and a 200 day moving average price of $129.52. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07. The firm has a market cap of $15.08 billion, a PE ratio of 17.50, a P/E/G ratio of 12.48 and a beta of 1.69. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14.

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. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The firm'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. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource announced that its board has approved a stock buyback plan on Thursday, May 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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.