Guild Investment Management Inc. Invests $2.01 Million in Builders FirstSource, Inc. (NYSE:BLDR)

Guild Investment Management Inc. acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,064 shares of the company's stock, valued at approximately $2,007,000. Builders FirstSource accounts for approximately 2.1% of Guild Investment Management Inc.'s portfolio, making the stock its 21st largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new position in Builders FirstSource in the 1st quarter valued at approximately $31,000. Sentry Investment Management LLC acquired a new stake in shares of Builders FirstSource during the 1st quarter valued at $40,000. CX Institutional acquired a new stake in shares of Builders FirstSource during the 1st quarter valued at $45,000. New Age Alpha Advisors LLC acquired a new stake in shares of Builders FirstSource during the 4th quarter valued at $74,000. Finally, Mather Group LLC. boosted its holdings in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after acquiring an additional 98 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wedbush cut their price objective on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, June 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price objective on the stock. UBS Group cut their price objective on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $132.00 target price on shares of Builders FirstSource in a report on Thursday, May 15th. Finally, Loop Capital cut their target price on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.42.

Insider Transactions at Builders FirstSource

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

Builders FirstSource Trading Up 2.8%

Shares of NYSE:BLDR traded up $3.70 during midday trading on Friday, reaching $136.49. The company's stock had a trading volume of 1,455,464 shares, compared to its average volume of 2,070,218. The firm has a market capitalization of $15.08 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 12.48 and a beta of 1.69. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.82. The firm has a 50 day moving average price of $118.61 and a two-hundred day moving average price of $129.52. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The business 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 business earned $2.65 EPS. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, 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 approved a stock repurchase program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership 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.