SG Americas Securities LLC Has $1.94 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

SG Americas Securities LLC raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 248.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,520 shares of the company's stock after buying an additional 11,070 shares during the quarter. SG Americas Securities LLC's holdings in Builders FirstSource were worth $1,939,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource in the 4th quarter valued at $34,000. Sentry Investment Management LLC acquired a new position in shares of Builders FirstSource in the 1st quarter worth approximately $40,000. Smartleaf Asset Management LLC lifted its position in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after buying an additional 134 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Builders FirstSource in the 4th quarter valued at $74,000. Finally, Financial Perspectives Inc bought a new stake in Builders FirstSource in the fourth quarter valued at $76,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of Builders FirstSource stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $109.67 per share, with a total value of $548,350.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $548,350. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul S. Levy purchased 283,517 shares of Builders FirstSource stock in a transaction dated Thursday, May 8th. The stock was bought at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the completion of the purchase, the director now owns 1,672,687 shares in the company, valued at $186,019,521.27. This represents a 20.41% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 505,000 shares of company stock worth $56,032,120. Company insiders own 2.00% of the company's stock.

Builders FirstSource Stock Up 0.4%

Shares of NYSE BLDR traded up $0.41 during mid-day trading on Monday, reaching $111.70. 1,989,168 shares of the company's stock were exchanged, compared to its average volume of 1,675,102. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The business has a fifty day simple moving average of $114.76 and a 200 day simple moving average of $136.67. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.80 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, topping analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the firm posted $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, equities 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 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 stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

BLDR has been the topic of several analyst reports. Robert W. Baird set a $130.00 target price on shares of Builders FirstSource in a report on Friday, May 2nd. Barclays dropped their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft began coverage on Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price on the stock. Loop Capital dropped their price target on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, BMO Capital Markets cut their price objective on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research report on Monday, May 5th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $167.58.

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.