Capital Investment Advisors LLC Raises Position in Builders FirstSource, Inc. (NYSE:BLDR)

Capital Investment Advisors LLC grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 22.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,882 shares of the company's stock after acquiring an additional 2,390 shares during the period. Capital Investment Advisors LLC's holdings in Builders FirstSource were worth $1,609,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Builders FirstSource by 30.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,852 shares of the company's stock worth $1,573,000 after buying an additional 2,539 shares in the last quarter. Choreo LLC raised its position in shares of Builders FirstSource by 28.4% in the fourth quarter. Choreo LLC now owns 4,332 shares of the company's stock worth $621,000 after buying an additional 959 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Builders FirstSource by 1.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,384 shares of the company's stock worth $1,770,000 after buying an additional 199 shares in the last quarter. TFB Advisors LLC raised its position in shares of Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock worth $546,000 after buying an additional 79 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC raised its position in shares of Builders FirstSource by 26.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 15,966 shares of the company's stock worth $2,282,000 after buying an additional 3,312 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Down 3.4%

Shares of NYSE:BLDR traded down $3.88 on Friday, reaching $111.17. 1,414,687 shares of the company traded hands, compared to its average volume of 1,672,466. The business's 50-day simple moving average is $114.76 and its 200 day simple moving average is $137.33. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. The stock has a market capitalization of $12.29 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the firm earned $2.65 earnings per share. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved 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 repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Builders FirstSource news, Director Paul S. Levy bought 283,517 shares of the business'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 purchase, the director now directly owns 1,672,687 shares of the company's stock, valued at $186,019,521.27. This trade represents a 20.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dirkson R. Charles bought 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 505,000 shares of company stock valued at $56,032,120 over the last ninety days. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of research reports. BMO Capital Markets lowered their price target on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research report on Monday, May 5th. The Goldman Sachs Group lowered their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Benchmark lowered their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada restated an "outperform" rating and set a $132.00 price target on shares of Builders FirstSource in a research report on Thursday, May 15th. Finally, Loop Capital lowered their price target on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.58.

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.