Kentucky Retirement Systems Insurance Trust Fund Invests $411,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,292 shares of the company's stock, valued at approximately $411,000.

Several other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after acquiring an additional 134 shares during the period. 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 buying an additional 25,535 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Builders FirstSource by 36.1% during the 4th quarter. Benjamin Edwards Inc. now owns 11,188 shares of the company's stock valued at $1,599,000 after buying an additional 2,967 shares in the last quarter. Capital Investment Advisors LLC grew its position in shares of Builders FirstSource by 22.8% in the 1st quarter. Capital Investment Advisors LLC now owns 12,882 shares of the company's stock worth $1,609,000 after buying an additional 2,390 shares during the period. Finally, Sowell Financial Services LLC purchased a new position in shares of Builders FirstSource during the first quarter valued at approximately $1,012,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Loop Capital cut their target price on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. UBS Group reduced their price objective on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. BMO Capital Markets decreased their target price on shares of 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 reiterated an "outperform" rating and set a $132.00 price target on shares of Builders FirstSource in a report on Thursday, May 15th. Finally, Stifel Nicolaus decreased their price target on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and an average price target of $163.11.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy purchased 283,517 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the acquisition, the director now owns 1,672,687 shares in the company, valued at approximately $186,019,521.27. The trade was a 20.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dirkson R. Charles purchased 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $109.67 per share, with a total value of $548,350.00. Following the transaction, the director now owns 5,000 shares of the company's stock, valued at $548,350. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 505,000 shares of company stock worth $56,032,120. Insiders own 2.00% of the company's stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $116.05 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The business has a 50-day moving average price of $113.71 and a 200-day moving average price of $133.53. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 7.57 and a beta of 1.69.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping 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 return on equity of 28.02% and a net margin of 5.66%. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.65 EPS. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its board has initiated 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 purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Builders FirstSource 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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