ING Groep NV Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

ING Groep NV bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,110 shares of the company's stock, valued at approximately $389,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new position in Builders FirstSource during the 1st quarter worth approximately $31,000. Sentry Investment Management LLC acquired a new stake in shares of Builders FirstSource in the 1st quarter valued at approximately $40,000. CX Institutional purchased a new stake in shares of Builders FirstSource in the first quarter valued at approximately $45,000. Mather Group LLC. grew its holdings in Builders FirstSource by 19.7% during the first 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, Wayfinding Financial LLC acquired a new position in Builders FirstSource during the first quarter worth $95,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BLDR shares. BMO Capital Markets reduced their target price on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a report on Monday, May 5th. Royal Bank Of Canada downgraded shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $132.00 to $129.00 in a report on Friday, August 1st. UBS Group lowered their target price on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Baird R W cut shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Raymond James Financial reissued an "outperform" rating and set a $140.00 price target (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $156.16.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of the company's stock in a transaction that occurred 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 purchase, the director owned 5,000 shares of the company's stock, valued at $548,350. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $130.90 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The firm has a market cap of $14.47 billion, a PE ratio of 19.86, a P/E/G ratio of 13.23 and a beta of 1.68. The firm has a 50 day simple moving average of $121.81 and a 200-day simple moving average of $128.45. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm posted $3.50 EPS. Builders FirstSource's revenue was down 5.0% on a year-over-year basis. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its board has approved a share buyback plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

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.

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