Cullen Frost Bankers Inc. Has $3.67 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Cullen Frost Bankers Inc. increased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 12.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,376 shares of the company's stock after purchasing an additional 3,281 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Builders FirstSource were worth $3,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Sentry Investment Management LLC purchased a new position in Builders FirstSource in the 1st quarter worth about $40,000. CX Institutional purchased a new position in Builders FirstSource in the 1st quarter worth about $45,000. New Age Alpha Advisors LLC purchased a new position in Builders FirstSource in the 4th quarter worth about $74,000. Mather Group LLC. increased its stake in 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 in the last quarter. Finally, AlphaQuest LLC increased its stake in Builders FirstSource by 5,227.3% in the 4th quarter. AlphaQuest LLC now owns 586 shares of the company's stock worth $84,000 after purchasing an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Insider Activity at Builders FirstSource

In related news, Director Paul S. Levy bought 283,517 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $111.21 per share, for a total transaction of $31,529,925.57. Following the acquisition, the director owned 1,672,687 shares in the company, valued at $186,019,521.27. This trade represents a 20.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dirkson R. Charles bought 5,000 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the acquisition, the director owned 5,000 shares in the company, valued at approximately $548,350. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 505,000 shares of company stock valued at $56,032,120. Corporate insiders own 2.00% of the company's stock.

Builders FirstSource Stock Down 2.8%

Shares of NYSE BLDR traded down $3.61 during trading hours on Friday, hitting $123.24. The stock had a trading volume of 1,810,123 shares, compared to its average volume of 1,711,624. The company has a market capitalization of $13.62 billion, a P/E ratio of 15.80, a P/E/G ratio of 8.23 and a beta of 1.69. The firm's 50-day moving average price is $117.21 and its two-hundred day moving average price is $130.17. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week 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.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the previous year, the business posted $2.65 EPS. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its board has authorized a stock buyback program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

BLDR has been the topic of a number of analyst reports. Robert W. Baird set a $130.00 price target on Builders FirstSource in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price target on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Oppenheimer set a $155.00 price target on Builders FirstSource and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Barclays lowered their target price on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, UBS Group lowered their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. One investment 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 company. According to MarketBeat, the stock presently has a consensus 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.