Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 18.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,010 shares of the company's stock after purchasing an additional 3,131 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Builders FirstSource were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of BLDR. FMR LLC lifted its stake in Builders FirstSource by 7.3% during the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after purchasing an additional 740,214 shares during the last quarter. Invesco Ltd. lifted its holdings in Builders FirstSource by 1.2% in the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock worth $322,105,000 after purchasing an additional 26,314 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Builders FirstSource by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock valued at $319,898,000 after acquiring an additional 77,666 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after buying an additional 623,583 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Builders FirstSource by 8.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company's stock worth $225,637,000 after purchasing an additional 120,400 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Loop Capital reduced 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $132.00 price target on shares of Builders FirstSource in a report on Thursday, May 15th. Barclays dropped their price target 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. Wedbush dropped their price target on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, June 20th. Finally, Robert W. Baird set a $130.00 price target on Builders FirstSource in a research note on Friday, May 2nd. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $163.11.

Insider Transactions at Builders FirstSource

In other Builders FirstSource 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 price of $109.67 per share, for a total transaction of $548,350.00. Following the acquisition, the director owned 5,000 shares in the company, valued at approximately $548,350. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul S. Levy acquired 283,517 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the transaction, the director owned 1,672,687 shares of the company's stock, 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 acquired 505,000 shares of company stock valued at $56,032,120. Insiders own 1.80% of the company's stock.

Builders FirstSource Price Performance

Shares of BLDR opened at $116.83 on Tuesday. The company has a 50 day moving average of $113.74 and a two-hundred day moving average of $131.85. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The company has a market cap of $12.91 billion, a price-to-earnings 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 posted its quarterly earnings data 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 business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the firm posted $2.65 earnings per share. The business's revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, analysts predict 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 repurchase program on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

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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