Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Burney Co.

Burney Co. lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 48.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,504 shares of the company's stock after selling 16,379 shares during the quarter. Burney Co.'s holdings in Builders FirstSource were worth $2,187,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Builders FirstSource in the fourth quarter worth about $199,890,000. Voya Investment Management LLC raised its holdings in Builders FirstSource by 174.2% in the 4th quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock worth $202,374,000 after purchasing an additional 899,841 shares during the period. FMR LLC raised its holdings in Builders FirstSource by 7.3% in the 4th 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 period. Coliseum Capital Management LLC acquired a new position in Builders FirstSource in the 4th quarter worth about $45,334,000. Finally, GAMMA Investing LLC raised its holdings in Builders FirstSource by 20,946.5% in the 1st quarter. GAMMA Investing LLC now owns 243,508 shares of the company's stock worth $30,424,000 after purchasing an additional 242,351 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles bought 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, with a total value of $548,350.00. Following the completion of the purchase, the director directly owned 5,000 shares in the company, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul S. Levy bought 283,517 shares of the business's stock in a transaction on Thursday, May 8th. The shares were acquired at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the purchase, the director owned 1,672,687 shares of the company's stock, valued at $186,019,521.27. The trade was a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 505,000 shares of company stock valued at $56,032,120. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Robert W. Baird set a $130.00 price target on Builders FirstSource in a report on Friday, May 2nd. Stephens reduced their price target on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price target for the company. Raymond James Financial reaffirmed an "outperform" rating and issued a $140.00 price target (down previously from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Finally, UBS Group reduced their price target on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $159.42.

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded up $3.70 during midday trading on Friday, hitting $136.49. The company had a trading volume of 1,455,464 shares, compared to its average volume of 2,070,218. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07. The stock has a market cap of $15.08 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 12.48 and a beta of 1.69. The business's 50-day simple moving average is $118.61 and its 200-day simple moving average is $129.52.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted 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 firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter 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. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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