Integrated Investment Consultants LLC Trims Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Key Points

• Integrated Investment Consultants LLC significantly reduced its stake in Builders FirstSource, Inc. by 82.7%, now holding shares worth $325,000 after selling over 12,000 shares in the first quarter.
• Insider trading activity included a purchase by Director Paul S. Levy of 283,517 shares at approximately $111.21 each, increasing his ownership by 20.41%.
• Builders FirstSource's stock is currently rated as a "Moderate Buy" with multiple price targets from analysts ranging between $118.00 and $158.79.

Integrated Investment Consultants LLC decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 82.7% in the first 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BLDR. FMR LLC grew its holdings in shares of Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after acquiring an additional 740,214 shares during the period. Wellington Management Group LLP grew its holdings in shares of Builders FirstSource by 42.6% in the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock worth $401,948,000 after acquiring an additional 960,603 shares during the period. Invesco Ltd. grew its holdings in shares of Builders FirstSource by 11.8% in the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company's stock worth $314,781,000 after acquiring an additional 265,873 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in shares of 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 worth $283,659,000 after acquiring an additional 326,923 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Builders FirstSource by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company's stock valued at $280,387,000 after purchasing an additional 6,453 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Insiders Place Their Bets

In related news, Director Dirkson R. Charles bought 5,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were acquired at an average price of $109.67 per share, with a total value of $548,350.00. Following the transaction, the director 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 SEC, which can be accessed through this hyperlink. Also, Director Paul S. Levy bought 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, for a total transaction of $31,529,925.57. Following the transaction, the director directly owned 1,672,687 shares in the company, valued at approximately $186,019,521.27. This represents a 20.41% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 505,000 shares of company stock worth $56,032,120 in the last three months. Corporate insiders own 1.80% of the company's stock.

Builders FirstSource Trading Down 1.5%

Shares of BLDR traded down $1.94 during mid-day trading on Monday, reaching $128.24. 2,662,584 shares of the company's stock traded hands, compared to its average volume of 2,178,993. The stock's 50-day moving average is $120.91 and its two-hundred day moving average is $128.40. The stock has a market cap of $14.18 billion, a P/E ratio of 19.46, a P/E/G ratio of 11.90 and a beta of 1.68. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the company earned $3.50 EPS. The business's revenue was down 5.0% compared to the same quarter last year. Research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on BLDR shares. Raymond James Financial reiterated an "outperform" rating and set a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Baird R W downgraded Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $134.00 target price on shares of Builders FirstSource in a research report on Friday. UBS Group lowered their price objective on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, BMO Capital Markets lowered their price objective on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $156.16.

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.