Farther Finance Advisors LLC Acquires 5,089 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Farther Finance Advisors LLC raised its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 112.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,597 shares of the company's stock after acquiring an additional 5,089 shares during the quarter. Farther Finance Advisors LLC's holdings in Builders FirstSource were worth $1,205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares in the last quarter. Mountain Lake Investment Management LLC grew its position in Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock worth $5,201,000 after buying an additional 2,367 shares in the last quarter. Fisher Asset Management LLC increased its stake in Builders FirstSource by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock worth $28,084,000 after acquiring an additional 25,535 shares during the period. Fiera Capital Corp bought a new position in Builders FirstSource during the 4th quarter worth $27,089,000. Finally, Benjamin Edwards Inc. raised its holdings in Builders FirstSource by 36.1% in the 4th quarter. Benjamin Edwards Inc. now owns 11,188 shares of the company's stock valued at $1,599,000 after acquiring an additional 2,967 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLDR has been the topic of several analyst reports. Raymond James reissued an "outperform" rating and set a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Loop Capital decreased their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price for the company. Stephens decreased their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Robert W. Baird set a $130.00 target price on Builders FirstSource in a research note on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Trading Down 3.4%

Shares of Builders FirstSource stock traded down $3.88 during trading on Friday, hitting $111.17. The company's stock had a trading volume of 1,414,687 shares, compared to its average volume of 1,671,365. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.70. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. The stock has a 50-day moving average price of $114.81 and a two-hundred day moving average price of $137.85. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly 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 return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the prior year, the firm posted $2.65 earnings per share. The business's quarterly revenue was down 6.0% on a year-over-year basis. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Builders FirstSource

In related news, Director Paul S. Levy acquired 283,517 shares of Builders FirstSource stock in a transaction dated Thursday, May 8th. The stock was bought at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the transaction, the director now directly owns 1,672,687 shares in the company, valued at $186,019,521.27. This represents a 20.41% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dirkson R. Charles acquired 5,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the acquisition, the director now directly owns 5,000 shares of the company's stock, valued at approximately $548,350. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 505,000 shares of company stock valued at $56,032,120. 2.00% of the stock is currently owned by insiders.

About Builders FirstSource

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.