Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Oakworth Capital Inc.

Oakworth Capital Inc. boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,563 shares of the company's stock after purchasing an additional 15,981 shares during the period. Builders FirstSource makes up about 2.0% of Oakworth Capital Inc.'s investment portfolio, making the stock its 14th biggest holding. Oakworth Capital Inc. owned approximately 0.20% of Builders FirstSource worth $28,557,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of BLDR. Achmea Investment Management B.V. raised its holdings in shares of Builders FirstSource by 26.4% during the first quarter. Achmea Investment Management B.V. now owns 116,611 shares of the company's stock worth $14,570,000 after purchasing an additional 24,360 shares during the period. KPP Advisory Services LLC lifted its stake in shares of Builders FirstSource by 56.7% in the 1st quarter. KPP Advisory Services LLC now owns 3,236 shares of the company's stock worth $404,000 after acquiring an additional 1,171 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Builders FirstSource by 12.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,097,741 shares of the company's stock worth $137,152,000 after acquiring an additional 121,616 shares during the period. Perigon Wealth Management LLC boosted its holdings in Builders FirstSource by 10.6% during the first quarter. Perigon Wealth Management LLC now owns 5,761 shares of the company's stock worth $720,000 after buying an additional 553 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Builders FirstSource by 53.8% during the first quarter. Bessemer Group Inc. now owns 612,618 shares of the company's stock worth $76,541,000 after purchasing an additional 214,391 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLDR has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $132.00 target price on shares of Builders FirstSource in a research report on Thursday, May 15th. Raymond James Financial reissued an "outperform" rating and set a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. UBS Group dropped their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Barclays reduced their target price on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Stephens reduced their price target on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $163.11.

Builders FirstSource Price Performance

BLDR stock opened at $115.95 on Friday. 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 company's 50-day moving average is $113.69 and its 200-day moving average is $133.11. The stock has a market capitalization of $12.81 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 7.38 and a beta of 1.69. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 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 EPS for the quarter, topping 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 net margin of 5.66% and a return on equity of 28.02%. 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 firm posted $2.65 earnings per share. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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

Insider Buying and Selling at Builders FirstSource

In related news, Director Dirkson R. Charles acquired 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 now directly owns 5,000 shares of the company's stock, valued at approximately $548,350. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul S. Levy bought 216,483 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were acquired at an average price of $110.65 per share, for a total transaction of $23,953,843.95. Following the acquisition, the director now owns 1,389,170 shares in the company, valued at approximately $153,711,660.50. This represents a 18.46% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 505,000 shares of company stock valued at $56,032,120 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

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.

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