Greatmark Investment Partners Inc. Acquires New Position in Builders FirstSource, Inc. (NYSE:BLDR)

Greatmark Investment Partners Inc. acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 6,065 shares of the company's stock, valued at approximately $758,000.

Several other large investors also recently bought and sold shares of BLDR. Sentry Investment Management LLC acquired a new position in Builders FirstSource in the 1st quarter valued at about $40,000. CX Institutional acquired a new position in Builders FirstSource in the 1st quarter valued at about $45,000. New Age Alpha Advisors LLC acquired a new position in Builders FirstSource in the 4th quarter valued at about $74,000. Mather Group LLC. boosted its holdings in Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after purchasing an additional 98 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in Builders FirstSource by 5,227.3% in the 4th quarter. AlphaQuest LLC now owns 586 shares of the company's stock valued at $84,000 after purchasing an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Insider Buying and Selling

In other news, Director Paul S. Levy acquired 283,517 shares of the company's stock in a transaction on Thursday, May 8th. The shares were bought at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the transaction, the director owned 1,672,687 shares in the company, valued at approximately $186,019,521.27. This trade represents a 20.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dirkson R. Charles acquired 5,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was purchased at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at approximately $548,350. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 505,000 shares of company stock worth $56,032,120. Insiders own 2.00% of the company's stock.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $133.39 on Friday. The firm has a market cap of $14.74 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 8.49 and a beta of 1.69. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. The company's 50 day moving average is $115.73 and its two-hundred day moving average is $130.56.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the prior year, the firm posted $2.65 EPS. The company's quarterly revenue was down 6.0% compared to the same quarter last year. On average, research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a share buyback plan on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

BLDR has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $132.00 target price on shares of Builders FirstSource in a report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective on the stock. UBS Group decreased their price objective on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. 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 report on Friday, May 2nd. Finally, Robert W. Baird set a $130.00 price objective 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 issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $159.42.

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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