Oakworth Capital Inc. Purchases 15,981 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Oakworth Capital Inc. grew its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,563 shares of the company's stock after purchasing an additional 15,981 shares during the period. Builders FirstSource comprises about 2.0% of Oakworth Capital Inc.'s portfolio, making the stock its 14th largest position. Oakworth Capital Inc. owned about 0.20% of Builders FirstSource worth $28,557,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Builders FirstSource during the 4th quarter worth approximately $199,890,000. Voya Investment Management LLC grew its holdings in Builders FirstSource by 174.2% during the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock valued at $202,374,000 after purchasing an additional 899,841 shares during the period. FMR LLC increased its holdings in Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after acquiring an additional 740,214 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Builders FirstSource by 15,533.9% during the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock valued at $92,891,000 after buying an additional 645,746 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after purchasing an additional 623,583 shares during the period. Institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BLDR. Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 target price for the company. Stephens cut their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Barclays cut their price objective on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus dropped their target price on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Finally, Loop Capital dropped their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, April 14th. 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $163.11.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded down $0.18 during trading on Monday, hitting $116.83. The stock had a trading volume of 1,629,905 shares, compared to its average volume of 1,879,521. The business has a fifty day moving average of $113.69 and a two-hundred day moving average of $132.20. The firm has a market cap of $12.91 billion, a P/E ratio of 14.98, a PEG ratio of 7.45 and a beta of 1.70. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14. 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 issued its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The business had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the previous year, the firm posted $2.65 EPS. The company's quarterly revenue was down 6.0% on a year-over-year basis. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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

Insider Activity at Builders FirstSource

In related news, Director Dirkson R. Charles acquired 5,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul S. Levy bought 283,517 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were acquired at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the acquisition, the director now directly owns 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. The trade was a 20.41% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 505,000 shares of company stock valued at $56,032,120. 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.