Achmea Investment Management B.V. Has $14.57 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Achmea Investment Management B.V. lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 26.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 116,611 shares of the company's stock after purchasing an additional 24,360 shares during the quarter. Achmea Investment Management B.V. owned about 0.10% of Builders FirstSource worth $14,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BLDR. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at about $34,000. Sentry Investment Management LLC acquired a new stake in Builders FirstSource in the 1st quarter valued at approximately $40,000. CX Institutional bought a new stake in Builders FirstSource in the 1st quarter valued at approximately $45,000. Smartleaf Asset Management LLC boosted its position in 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 acquiring an additional 134 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of Builders FirstSource during the 4th quarter worth approximately $74,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective on the stock. Stifel Nicolaus cut their price objective on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday, May 5th. Loop Capital lowered their target price 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $132.00 price target on shares of Builders FirstSource in a research report on Thursday, May 15th. Finally, Barclays decreased their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.11.

Builders FirstSource Stock Performance

NYSE:BLDR traded down $0.18 during mid-day trading on Monday, reaching $116.83. 1,630,565 shares of the company's stock were exchanged, compared to its average volume of 1,687,955. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.82. The business's fifty day simple moving average is $113.74 and its two-hundred day simple moving average is $131.85. The firm has a market capitalization of $12.91 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 7.45 and a beta of 1.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced 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. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The company had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same period last year, the firm earned $2.65 earnings per share. The business's revenue for the quarter was down 6.0% on a year-over-year basis. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a stock buyback program on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Insider Transactions at Builders FirstSource

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

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.