12,869 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Purchased by CCM Investment Group LLC

Key Points

• CCM Investment Group LLC acquired 12,869 shares of Builders FirstSource, Inc., valued at approximately $1,602,000, as part of its first-quarter investment strategy.
• Other institutional investors have also increased their stakes in Builders FirstSource, with notable investments coming from Nuveen LLC, which added a stake worth $36,339,000.
• Builders FirstSource has recently seen mixed ratings from analysts, with target prices fluctuating, including a drop from $190.00 to $145.00 by Wedbush, while the average target price is currently $154.44.

CCM Investment Group LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,869 shares of the company's stock, valued at approximately $1,602,000.

Several other institutional investors have also added to or reduced their stakes in BLDR. IMA Advisory Services Inc. bought a new position in Builders FirstSource in the 1st quarter worth about $31,000. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource in the 1st quarter valued at about $40,000. CX Institutional bought a new stake in shares of Builders FirstSource in the 1st quarter valued at about $45,000. Mather Group LLC. raised its holdings in shares of Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after purchasing an additional 98 shares in the last quarter. Finally, New Age Alpha Advisors LLC raised its holdings in shares of Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company's stock valued at $80,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Zelman & Associates restated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Barclays reduced their price target on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, August 1st. Robert W. Baird cut shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $145.00 to $130.00 in a report on Friday, August 1st. Royal Bank Of Canada cut shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $132.00 to $129.00 in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $134.00 price target on shares of Builders FirstSource in a report on Friday, August 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of "Hold" and a consensus target price of $154.44.

Insider Activity at Builders FirstSource

In related news, Director Dirkson R. Charles bought 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, with a total value of $548,350.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $548,350. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by company insiders.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded down $5.92 on Thursday, reaching $138.48. 1,431,576 shares of the stock were exchanged, compared to its average volume of 1,971,234. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 14.56 and a beta of 1.68. The business has a 50 day moving average price of $124.40 and a two-hundred day moving average price of $127.37.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the company posted $3.50 earnings per share. The company's revenue was down 5.0% compared to the same quarter last year. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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