GF Fund Management CO. LTD. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,916 shares of the company's stock, valued at approximately $489,000.
Several other large investors have also bought and sold shares of the stock. OneDigital Investment Advisors LLC raised its position in Builders FirstSource by 54.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company's stock worth $278,000 after purchasing an additional 784 shares during the last quarter. Rossby Financial LCC acquired a new stake in Builders FirstSource during the 1st quarter worth about $216,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Builders FirstSource by 3.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,805 shares of the company's stock worth $1,600,000 after acquiring an additional 421 shares during the period. Mather Group LLC. grew its holdings 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 acquiring an additional 98 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its holdings in Builders FirstSource by 8.8% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company's stock worth $153,000 after acquiring an additional 99 shares during the period. 95.53% of the stock is owned by institutional investors.
Builders FirstSource Stock Down 1.2%
NYSE BLDR traded down $1.49 during trading hours on Friday, hitting $126.41. The company's stock had a trading volume of 1,732,163 shares, compared to its average volume of 1,713,984. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. The company has a market capitalization of $13.97 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 8.10 and a beta of 1.69. The company has a current ratio of 1.82, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02. The company's 50-day simple moving average is $114.38 and its two-hundred day simple moving average is $131.18.
Builders FirstSource (NYSE:BLDR - Get Free Report) last announced 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 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 analysts' expectations of $3.67 billion. During the same quarter last year, the firm earned $2.65 EPS. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. Research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.
Builders FirstSource announced that its board has approved a share repurchase program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. UBS Group decreased their price target on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus decreased their price target on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday, May 5th. 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. Barclays decreased 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. Finally, Stephens decreased their price target on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Five 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. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.11.
Check Out Our Latest Analysis on Builders FirstSource
Insider Activity at Builders FirstSource
In other news, Director Paul S. Levy bought 283,517 shares of the company's stock in a transaction on Thursday, May 8th. The shares were purchased at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dirkson R. Charles purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at $548,350. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 505,000 shares of company stock worth $56,032,120. Insiders own 2.00% of the company's stock.
Builders FirstSource Company Profile
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Free Report)
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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