GF Fund Management CO. LTD. Acquires New Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

GF Fund Management CO. LTD. bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 3,916 shares of the company's stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLDR. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource in the fourth quarter worth $34,000. Sentry Investment Management LLC acquired a new position in Builders FirstSource in the 1st quarter valued at about $40,000. CX Institutional purchased a new position in Builders FirstSource in the 1st quarter valued at about $45,000. Smartleaf Asset Management LLC lifted its holdings in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after purchasing an additional 134 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Builders FirstSource during the 4th quarter worth about $74,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Transactions at Builders FirstSource

In other news, Director Dirkson R. Charles purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $109.67 per share, with a total value of $548,350.00. Following the acquisition, the director owned 5,000 shares in the company, valued at approximately $548,350. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul S. Levy purchased 283,517 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were 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 trade represents a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 505,000 shares of company stock valued at $56,032,120. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a $132.00 price objective on shares of Builders FirstSource in a research report on Thursday, May 15th. Barclays cut their price target on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. BMO Capital Markets decreased their price objective on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a report on Monday, May 5th. Stifel Nicolaus dropped their target price on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Finally, UBS Group reduced their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and an average target price of $163.11.

Builders FirstSource Price Performance

BLDR opened at $126.41 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. The company has a 50 day moving average of $114.38 and a two-hundred day moving average of $131.18. The company has a market cap of $13.97 billion, a P/E ratio of 16.21, a P/E/G ratio of 8.10 and a beta of 1.69.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted 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 5.66% and a return on equity of 28.02%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the business posted $2.65 EPS. The business's quarterly revenue was down 6.0% on a year-over-year basis. On average, 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 shares. This buyback authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

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.

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