Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Kailix Advisors LLC

Kailix Advisors LLC raised its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 9.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,155 shares of the company's stock after acquiring an additional 5,690 shares during the quarter. Builders FirstSource makes up about 8.9% of Kailix Advisors LLC's investment portfolio, making the stock its 7th largest holding. Kailix Advisors LLC owned 0.06% of Builders FirstSource worth $7,891,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Builders FirstSource by 0.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 44,295 shares of the company's stock worth $5,535,000 after buying an additional 217 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Builders FirstSource by 16.2% during the 1st quarter. IFP Advisors Inc now owns 2,120 shares of the company's stock worth $265,000 after buying an additional 296 shares during the last quarter. AustralianSuper Pty Ltd lifted its stake in shares of Builders FirstSource by 136.2% during the 1st quarter. AustralianSuper Pty Ltd now owns 304,972 shares of the company's stock worth $38,103,000 after buying an additional 175,854 shares during the last quarter. South Dakota Investment Council lifted its stake in shares of Builders FirstSource by 22.5% during the 1st quarter. South Dakota Investment Council now owns 13,625 shares of the company's stock worth $1,702,000 after buying an additional 2,500 shares during the last quarter. Finally, Auxano Advisors LLC lifted its stake in shares of Builders FirstSource by 3.8% during the 1st quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock worth $310,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on BLDR. Oppenheimer set a $155.00 price target on shares of Builders FirstSource and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Wedbush lowered their price target on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, June 20th. UBS Group lowered their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Stephens lowered their price target on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, Robert W. Baird set a $130.00 target price on shares of Builders FirstSource in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $159.42.

Builders FirstSource Trading Down 2.8%

NYSE:BLDR opened at $123.24 on Friday. The firm's fifty day moving average is $117.47 and its 200-day moving average is $129.94. 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, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. The firm has a market cap of $13.62 billion, a P/E ratio of 15.80, a P/E/G ratio of 8.04 and a beta of 1.69.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the company earned $2.65 earnings per share. The company's quarterly revenue was down 6.0% on a year-over-year basis. Equities analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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

Insider Transactions at Builders FirstSource

In other news, Director Paul S. Levy purchased 283,517 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the transaction, the director directly owned 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. This trade represents a 20.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dirkson R. Charles purchased 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company's stock, valued at $548,350. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 505,000 shares of company stock worth $56,032,120 over the last three months. 2.00% of the stock is owned by insiders.

Builders FirstSource 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.