J.Safra Asset Management Corp Grows Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

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

A number of other hedge funds and other institutional investors have also modified their holdings of BLDR. Altus Wealth Group LLC raised its stake in shares of Builders FirstSource by 11.2% in the 1st quarter. Altus Wealth Group LLC now owns 45,021 shares of the company's stock valued at $5,625,000 after acquiring an additional 4,549 shares during the period. Allspring Global Investments Holdings LLC raised its position in Builders FirstSource by 189.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 72,065 shares of the company's stock valued at $9,052,000 after purchasing an additional 47,201 shares during the period. 3Chopt Investment Partners LLC acquired a new position in Builders FirstSource during the first quarter worth $288,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Builders FirstSource by 24.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,481 shares of the company's stock worth $1,679,000 after buying an additional 2,629 shares during the period. Finally, Oakworth Capital Inc. grew its stake in shares of Builders FirstSource by 7.5% in the first quarter. Oakworth Capital Inc. now owns 228,563 shares of the company's stock valued at $28,557,000 after buying an additional 15,981 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

NYSE:BLDR traded down $1.49 during trading hours on Thursday, hitting $126.41. The company's stock had a trading volume of 1,732,163 shares, compared to its average volume of 1,713,373. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.82. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. The company has a market capitalization of $13.97 billion, a PE ratio of 16.21, a PEG ratio of 8.14 and a beta of 1.69. The business's 50-day moving average is $114.28 and its two-hundred day moving average is $131.56.

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

Builders FirstSource declared that its board has authorized a share buyback program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stephens decreased their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Loop Capital cut their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wedbush decreased their price target on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, June 20th. Royal Bank Of Canada restated an "outperform" rating and issued a $132.00 price target on shares of Builders FirstSource in a research note on Thursday, May 15th. Finally, BMO Capital Markets reduced their price objective on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research note on Monday, May 5th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.11.

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.