Integrated Investment Consultants LLC Has $325,000 Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Key Points

• Integrated Investment Consultants LLC has decreased its holdings in Builders FirstSource, Inc. by 82.7%, holding 2,598 shares worth $325,000 after selling 12,410 shares in the first quarter.
• Several equities research analysts have recently lowered their price targets for Builders FirstSource, with a consensus rating of "Moderate Buy" and an average price target of $159.42.
• Builders FirstSource has initiated a stock repurchase program of $500 million to buy back outstanding shares, indicating the board's belief that the stock is undervalued.

Integrated Investment Consultants LLC reduced its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 82.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,598 shares of the company's stock after selling 12,410 shares during the period. Integrated Investment Consultants LLC's holdings in Builders FirstSource were worth $325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Builders FirstSource during the fourth quarter worth $199,890,000. Voya Investment Management LLC increased its holdings in Builders FirstSource by 174.2% in the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock valued at $202,374,000 after buying an additional 899,841 shares during the last quarter. FMR LLC increased its holdings in Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after buying an additional 740,214 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Builders FirstSource by 16.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock valued at $283,659,000 after acquiring an additional 326,923 shares in the last quarter. Finally, Coliseum Capital Management LLC acquired a new position in Builders FirstSource in the fourth quarter valued at $45,334,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded down $0.77 on Monday, hitting $135.69. The company had a trading volume of 1,832,109 shares, compared to its average volume of 1,920,015. The business has a 50-day simple moving average of $118.61 and a 200-day simple moving average of $129.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07. The company has a market cap of $15.00 billion, a PE ratio of 17.40, a PEG ratio of 12.48 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.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The firm's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.65 EPS. Research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its board has authorized a stock repurchase plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of recent analyst reports. Barclays reduced their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the company an "outperform" rating in a report on Thursday, July 10th. Raymond James Financial reaffirmed an "outperform" rating and issued a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Robert W. Baird set a $130.00 target price on shares of Builders FirstSource in a report on Friday, May 2nd. Finally, Wedbush dropped their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, June 20th. 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 given a strong buy rating to the company's stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of "Moderate Buy" and an average target price of $159.42.

Insiders Place Their Bets

In related news, Director Paul S. Levy purchased 283,517 shares of Builders FirstSource stock in a transaction on Thursday, May 8th. The stock was purchased at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the acquisition, the director directly owned 1,672,687 shares in the company, valued at approximately $186,019,521.27. This trade represents a 20.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dirkson R. Charles acquired 5,000 shares of Builders FirstSource stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of 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. Insiders purchased a total of 505,000 shares of company stock worth $56,032,120 over the last quarter. 1.80% of the stock is currently owned by company insiders.

About Builders FirstSource

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.