Massachusetts Financial Services Co. MA Lowers Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Massachusetts Financial Services Co. MA reduced its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,481,470 shares of the company's stock after selling 97,185 shares during the period. Massachusetts Financial Services Co. MA owned about 1.30% of Builders FirstSource worth $185,095,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLDR. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource during the 1st quarter worth approximately $40,000. CX Institutional bought a new position in shares of Builders FirstSource during the 1st quarter worth $45,000. New Age Alpha Advisors LLC bought a new position in shares of Builders FirstSource during the 4th quarter worth $74,000. Mather Group LLC. grew its position in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after buying an additional 98 shares in the last quarter. Finally, AlphaQuest LLC grew its position in shares of Builders FirstSource by 5,227.3% during the 4th quarter. AlphaQuest LLC now owns 586 shares of the company's stock worth $84,000 after buying an additional 575 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BLDR. Royal Bank Of Canada reissued an "outperform" rating and set a $132.00 price target on shares of Builders FirstSource in a research report on Thursday, May 15th. 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 on the stock. Stephens reduced their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Robert W. Baird set a $130.00 target price on Builders FirstSource in a research report on Friday, May 2nd. Finally, BMO Capital Markets reduced their target price 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. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $159.42.

Insider Buying and Selling

In related news, Director Paul S. Levy purchased 283,517 shares of the business's 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 completion of the acquisition, the director owned 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dirkson R. Charles purchased 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following the acquisition, the director owned 5,000 shares of the company's stock, valued at approximately $548,350. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 505,000 shares of company stock valued at $56,032,120 in the last three months. Insiders own 2.00% of the company's stock.

Builders FirstSource Price Performance

NYSE BLDR traded up $1.53 during trading hours on Thursday, reaching $127.53. The company's stock had a trading volume of 737,350 shares, compared to its average volume of 1,712,104. The company's 50-day moving average is $116.90 and its two-hundred day moving average is $130.28. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $203.14. The firm has a market capitalization of $14.09 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 8.22 and a beta of 1.69. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07.

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

Builders FirstSource declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

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.