Edgestream Partners L.P. Invests $3.59 Million in Builders FirstSource, Inc. (NYSE:BLDR)

Edgestream Partners L.P. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 28,768 shares of the company's stock, valued at approximately $3,594,000.

A number of other hedge funds also recently added to or reduced their stakes in BLDR. Sentry Investment Management LLC purchased a new stake in shares of Builders FirstSource in the 1st quarter valued at approximately $40,000. CX Institutional acquired a new stake in Builders FirstSource during the 1st quarter worth $45,000. New Age Alpha Advisors LLC acquired a new stake in Builders FirstSource during the 4th quarter worth $74,000. Mather Group LLC. boosted its stake in Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after purchasing an additional 98 shares during the period. Finally, AlphaQuest LLC boosted its stake in Builders FirstSource by 5,227.3% during the 4th quarter. AlphaQuest LLC now owns 586 shares of the company's stock worth $84,000 after purchasing an additional 575 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Builders FirstSource

In other news, Director Paul S. Levy purchased 283,517 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were bought at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the transaction, the director directly owned 1,672,687 shares in the company, valued at $186,019,521.27. This trade represents a 20.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 bought at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the transaction, the director directly owned 5,000 shares of the company's stock, valued at $548,350. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 505,000 shares of company stock worth $56,032,120. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on BLDR shares. Loop Capital reduced their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank Of Canada restated an "outperform" rating and set a $132.00 target price on shares of Builders FirstSource in a research report on Thursday, May 15th. Wedbush cut their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, June 20th. Stifel Nicolaus lowered their price target on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday, May 5th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $159.42.

Builders FirstSource Price Performance

BLDR stock opened at $126.00 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14. The firm has a market capitalization of $13.92 billion, a PE ratio of 16.15, a P/E/G ratio of 8.22 and a beta of 1.69. The firm has a 50-day moving average of $116.90 and a two-hundred day moving average of $130.28.

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

Builders FirstSource announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.

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