Builders FirstSource, Inc. (NYSE:BLDR) Stock Position Lifted by Cerity Partners LLC

Cerity Partners LLC boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,896 shares of the company's stock after acquiring an additional 11,339 shares during the quarter. Cerity Partners LLC owned about 0.16% of Builders FirstSource worth $22,601,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted 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 acquiring an additional 740,214 shares during the period. Invesco Ltd. raised its position in shares of Builders FirstSource by 1.2% in the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock valued at $322,105,000 after purchasing an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Builders FirstSource by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock valued at $319,898,000 after purchasing an additional 77,666 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Builders FirstSource by 8.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company's stock valued at $225,637,000 after purchasing an additional 120,400 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Builders FirstSource by 174.2% in the 4th quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock valued at $202,374,000 after purchasing an additional 899,841 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Insiders Place Their Bets

In related news, Director Paul S. Levy acquired 283,517 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $111.21 per share, for a total transaction of $31,529,925.57. Following the purchase, the director directly owned 1,672,687 shares in the company, valued at $186,019,521.27. This represents a 20.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dirkson R. Charles acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were 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 owned 5,000 shares in the company, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 505,000 shares of company stock valued at $56,032,120. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $132.00 target price on shares of Builders FirstSource in a research report on Thursday, May 15th. Loop Capital cut their target price 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. Oppenheimer cut their target price on Builders FirstSource from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Thursday. Stephens cut their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, Robert W. Baird set a $130.00 target price on Builders FirstSource in a research report on Friday, May 2nd. Five 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $159.42.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded down $1.73 during trading on Friday, reaching $133.39. The stock had a trading volume of 1,602,443 shares, compared to its average volume of 1,719,060. The stock has a market cap of $14.74 billion, a PE ratio of 17.10, a P/E/G ratio of 8.49 and a beta of 1.69. The firm's 50 day moving average price is $115.73 and its two-hundred day moving average price is $130.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.82. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The firm's revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.65 EPS. On average, research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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