Mutual of America Capital Management LLC Has $6.55 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Mutual of America Capital Management LLC increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 12.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 52,409 shares of the company's stock after purchasing an additional 5,630 shares during the period. Mutual of America Capital Management LLC's holdings in Builders FirstSource were worth $6,548,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Harmony Asset Management LLC purchased a new stake in shares of Builders FirstSource in the first quarter valued at about $793,000. Cerity Partners LLC grew its position in shares of Builders FirstSource by 6.7% in the first quarter. Cerity Partners LLC now owns 180,896 shares of the company's stock valued at $22,601,000 after purchasing an additional 11,339 shares during the last quarter. Bridges Investment Management Inc. grew its position in shares of Builders FirstSource by 111.3% in the first quarter. Bridges Investment Management Inc. now owns 12,512 shares of the company's stock valued at $1,563,000 after purchasing an additional 6,591 shares during the last quarter. Axxcess Wealth Management LLC grew its position in shares of Builders FirstSource by 3.8% in the first quarter. Axxcess Wealth Management LLC now owns 47,535 shares of the company's stock valued at $5,939,000 after purchasing an additional 1,731 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in Builders FirstSource by 61.9% during the first quarter. Rehmann Capital Advisory Group now owns 6,031 shares of the company's stock worth $754,000 after acquiring an additional 2,307 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Builders FirstSource stock traded down $5.08 on Friday, hitting $121.77. The company's stock had a trading volume of 1,058,986 shares, compared to its average volume of 1,708,819. The firm has a market cap of $13.46 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 8.23 and a beta of 1.69. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average price of $117.21 and a 200-day moving average price of $130.17. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14.

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 (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. The firm 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%. The business's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.65 EPS. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has initiated a share repurchase plan on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Insider Activity

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

Analyst Ratings Changes

BLDR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. BMO Capital Markets decreased their price objective 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. Oppenheimer set a $155.00 price target on shares of Builders FirstSource and gave the company an "outperform" rating in a report on Thursday, July 10th. Wedbush dropped their price target on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, June 20th. Finally, Stifel Nicolaus dropped their price target 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. Five 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $159.42.

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.