Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 22.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,882 shares of the company's stock after purchasing an additional 2,390 shares during the quarter. Capital Investment Advisors LLC's holdings in Builders FirstSource were worth $1,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new position in shares of Builders FirstSource in the 4th quarter worth $199,890,000. Voya Investment Management LLC increased its stake in Builders FirstSource by 174.2% during the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock worth $202,374,000 after acquiring an additional 899,841 shares during the last quarter. FMR LLC increased its stake in Builders FirstSource by 7.3% during the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after acquiring an additional 740,214 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock valued at $92,891,000 after purchasing an additional 645,746 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after purchasing an additional 623,583 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of BLDR traded up $4.41 during mid-day trading on Tuesday, hitting $117.37. The stock had a trading volume of 1,987,997 shares, compared to its average volume of 1,672,339. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The company has a market cap of $12.97 billion, a PE ratio of 12.95, a PEG ratio of 0.80 and a beta of 1.70. The company's fifty day simple moving average is $115.13 and its two-hundred day simple moving average is $138.67.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the firm earned $2.65 earnings per share. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. On average, 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 authorized a stock repurchase plan on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Benchmark lowered their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Stephens dropped their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Loop Capital decreased their price target on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group dropped their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, BMO Capital Markets decreased their target price on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research note on Monday, May 5th. Six investment 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $167.58.

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.