Knights of Columbus Asset Advisors LLC Purchases 12,466 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in Builders FirstSource by 69.4%, owning 30,434 shares worth approximately $3.8 million as of its latest SEC disclosure.
• Insider transactions were notable, with Director Dirkson R. Charles purchasing 5,000 shares and Director Paul S. Levy acquiring 283,517 shares, indicating strong insider confidence in the stock.
• The stock has a consensus rating of "Moderate Buy" among analysts, with a target price of $159.42, reflecting positive expectations for Builders FirstSource moving forward.

Knights of Columbus Asset Advisors LLC increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 69.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,434 shares of the company's stock after acquiring an additional 12,466 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Builders FirstSource were worth $3,802,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. acquired a new position in Builders FirstSource in the first quarter worth about $31,000. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource in the 1st quarter worth about $40,000. CX Institutional bought a new stake in shares of Builders FirstSource in the 1st quarter worth about $45,000. New Age Alpha Advisors LLC bought a new stake in shares of Builders FirstSource in the 4th quarter worth about $74,000. Finally, Mather Group LLC. grew its holdings in shares of Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles purchased 5,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of $109.67 per share, with a total value of $548,350.00. Following the acquisition, the director directly owned 5,000 shares of the company's stock, valued at $548,350. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul S. Levy purchased 283,517 shares of the business's stock in a transaction on Thursday, May 8th. The shares were acquired at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the acquisition, the director directly owned 1,672,687 shares in the company, valued at approximately $186,019,521.27. The trade was a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 505,000 shares of company stock valued at $56,032,120. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Stock Down 0.6%

Shares of BLDR traded down $0.77 during mid-day trading on Monday, hitting $135.69. 1,832,056 shares of the company's stock were exchanged, compared to its average volume of 1,920,009. The company has a market cap of $15.00 billion, a PE ratio of 17.40, a P/E/G ratio of 12.48 and a beta of 1.69. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. The company has a 50-day simple moving average of $118.61 and a 200 day simple moving average of $129.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released 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 company 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.65 EPS. On average, research analysts forecast 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 share buyback program on Thursday, May 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

BLDR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price on the stock. Wedbush lowered their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, June 20th. Barclays reduced their price target on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Robert W. Baird set a $130.00 price target on shares of Builders FirstSource in a research report on Friday, May 2nd. Finally, Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. One 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 company has an average rating of "Moderate Buy" and a consensus target price of $159.42.

About Builders FirstSource

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.