J.Safra Asset Management Corp Buys 3,413 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

J.Safra Asset Management Corp increased its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 147.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,723 shares of the company's stock after purchasing an additional 3,413 shares during the period. J.Safra Asset Management Corp's holdings in Builders FirstSource were worth $715,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hudson Value Partners LLC increased its position in shares of Builders FirstSource by 1.7% during the fourth quarter. Hudson Value Partners LLC now owns 60,325 shares of the company's stock valued at $8,622,000 after acquiring an additional 1,033 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Builders FirstSource by 98.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,350 shares of the company's stock valued at $765,000 after acquiring an additional 2,660 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Builders FirstSource by 4.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 46,779 shares of the company's stock worth $6,686,000 after purchasing an additional 2,003 shares during the period. SVB Wealth LLC bought a new position in Builders FirstSource in the fourth quarter worth approximately $394,000. Finally, Fisher Asset Management LLC lifted its position in Builders FirstSource by 14.9% during the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after purchasing an additional 25,535 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 target price for the company. UBS Group lowered their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Robert W. Baird set a $130.00 price objective on shares of Builders FirstSource in a research note on Friday, May 2nd. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $140.00 target price (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.11.

Insiders Place Their Bets

In other news, Director Paul S. Levy bought 283,517 shares of the business's stock in a transaction dated 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 now directly owns 1,672,687 shares in the company, valued at $186,019,521.27. This trade represents a 20.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dirkson R. Charles bought 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $548,350. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 505,000 shares of company stock valued at $56,032,120. Company insiders own 1.80% of the company's stock.

Builders FirstSource Stock Performance

BLDR opened at $117.11 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14. The firm has a 50 day moving average of $113.69 and a two-hundred day moving average of $132.20. The firm has a market capitalization of $12.94 billion, a PE ratio of 15.01, a P/E/G ratio of 7.45 and a beta of 1.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The firm's revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.65 earnings per share. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its board has authorized a share repurchase plan on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

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.

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