Hardy Reed LLC Has $781,000 Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Hardy Reed LLC increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 60.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,250 shares of the company's stock after purchasing an additional 2,350 shares during the period. Hardy Reed LLC's holdings in Builders FirstSource were worth $781,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC boosted its holdings in Builders FirstSource by 9.4% in the fourth quarter. Proficio Capital Partners LLC now owns 4,547 shares of the company's stock worth $650,000 after acquiring an additional 390 shares in the last quarter. AlphaQuest LLC lifted its holdings in Builders FirstSource by 5,227.3% during the fourth quarter. AlphaQuest LLC now owns 586 shares of the company's stock worth $84,000 after acquiring an additional 575 shares during the period. Independent Advisor Alliance lifted its holdings in Builders FirstSource by 70.5% during the fourth quarter. Independent Advisor Alliance now owns 2,280 shares of the company's stock worth $326,000 after acquiring an additional 943 shares during the period. HighTower Advisors LLC increased its position in Builders FirstSource by 7.2% in the fourth quarter. HighTower Advisors LLC now owns 23,688 shares of the company's stock worth $3,386,000 after buying an additional 1,588 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in Builders FirstSource by 243.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,428 shares of the company's stock worth $776,000 after buying an additional 3,848 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BLDR shares. Raymond James Financial reiterated an "outperform" rating and issued a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. UBS Group cut their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the stock an "outperform" rating in a report on Thursday, July 10th. Royal Bank Of Canada reissued an "outperform" rating and set a $132.00 price target on shares of Builders FirstSource in a report on Thursday, May 15th. Finally, Loop Capital dropped their price target on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $159.42.

Builders FirstSource Trading Up 0.8%

Shares of BLDR stock traded up $1.03 during mid-day trading on Thursday, reaching $127.03. The company's stock had a trading volume of 1,317,431 shares, compared to its average volume of 1,711,230. The company's 50 day simple moving average is $117.21 and its 200-day simple moving average is $130.17. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month 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 firm has a market capitalization of $14.04 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 8.23 and a beta of 1.69.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping 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 company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the firm earned $2.65 EPS. The company's revenue was down 6.0% on a year-over-year basis. On average, research analysts predict 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 plan on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Insider Transactions at Builders FirstSource

In other news, Director Dirkson R. Charles purchased 5,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the acquisition, the director directly owned 5,000 shares of the company's stock, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul S. Levy acquired 283,517 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the acquisition, the director owned 1,672,687 shares in the company, valued at $186,019,521.27. This trade represents a 20.41% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 505,000 shares of company stock worth $56,032,120 over the last 90 days. 2.00% of the stock is owned by insiders.

Builders FirstSource Company 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.