Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC increased its stake in Builders FirstSource by 57.7% in the 1st quarter, bringing its total holdings to 6,710 shares worth $838,000.
• A number of analysts have adjusted their price targets for Builders FirstSource, with the consensus rating currently standing at "Hold" and a price target of $154.44.
• The company recently announced a $500 million stock buyback plan, indicating management's belief that its shares are undervalued.

Townsquare Capital LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 57.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,710 shares of the company's stock after acquiring an additional 2,455 shares during the quarter. Townsquare Capital LLC's holdings in Builders FirstSource were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aptus Capital Advisors LLC lifted its position in Builders FirstSource by 6.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock valued at $214,000 after buying an additional 85 shares during the last quarter. Auxano Advisors LLC lifted its position in Builders FirstSource by 3.8% in the first quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock valued at $310,000 after buying an additional 91 shares during the last quarter. Baird Financial Group Inc. increased its stake in Builders FirstSource by 2.3% during the fourth quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock worth $628,000 after purchasing an additional 98 shares during the period. Mather Group LLC. increased its stake in Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after purchasing an additional 98 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its stake in Builders FirstSource by 8.8% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company's stock worth $153,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. BMO Capital Markets cut their price target on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research note on Monday, May 5th. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a research note on Friday, July 18th. Wedbush cut 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 note on Friday, June 20th. DA Davidson cut their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Finally, Stifel Nicolaus boosted their price target on shares of Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of "Hold" and a consensus price target of $154.44.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased 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 directly owned 5,000 shares of the company's stock, valued at $548,350. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Builders FirstSource Stock Performance

Shares of BLDR opened at $137.02 on Friday. The stock has a 50 day moving average price of $125.41 and a 200 day moving average price of $126.90. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 14.63 and a beta of 1.68. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.03. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%. The firm's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.50 earnings per share. Research analysts predict 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 plan on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically 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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