Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 24.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,481 shares of the company's stock after buying an additional 2,629 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Builders FirstSource were worth $1,679,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BLDR. Smartleaf Asset Management LLC lifted its position in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after purchasing an additional 134 shares during the period. Jones Financial Companies Lllp lifted its position in Builders FirstSource by 34.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,245 shares of the company's stock valued at $464,000 after purchasing an additional 828 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource in the fourth quarter valued at about $34,000. Charles Schwab Investment Management Inc. lifted its position in Builders FirstSource by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 833,498 shares of the company's stock valued at $119,132,000 after purchasing an additional 47,656 shares during the period. Finally, Keybank National Association OH acquired a new stake in Builders FirstSource in the fourth quarter valued at about $581,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy bought 283,517 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the acquisition, the director owned 1,672,687 shares of the company's stock, valued at $186,019,521.27. The trade was a 20.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dirkson R. Charles bought 5,000 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $548,350. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 505,000 shares of company stock worth $56,032,120 in the last 90 days. Company insiders own 2.00% of the company's stock.

Builders FirstSource Trading Down 1.8%

Shares of BLDR traded down $2.24 during mid-day trading on Monday, reaching $124.98. The company had a trading volume of 2,276,054 shares, compared to its average volume of 1,716,235. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 8.10 and a beta of 1.69. The firm has a fifty day simple moving average of $114.45 and a 200-day simple moving average of $130.90. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14. 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 (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. Builders FirstSource's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the business earned $2.65 EPS. On average, sell-side 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 stock buyback plan on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Loop Capital reduced their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Raymond James Financial reiterated an "outperform" rating and set a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. UBS Group reduced their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Stephens dropped their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price objective on shares of 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $163.11.

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.