Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund increased its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 12.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,028 shares of the company's stock after acquiring an additional 13,364 shares during the period. New York State Common Retirement Fund owned approximately 0.10% of Builders FirstSource worth $14,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLDR. Sentry Investment Management LLC purchased a new position in shares of Builders FirstSource during the 1st quarter valued at about $40,000. CX Institutional purchased a new position in shares of Builders FirstSource during the 1st quarter valued at about $45,000. New Age Alpha Advisors LLC purchased a new position in shares of Builders FirstSource during the 4th quarter valued at about $74,000. Mather Group LLC. raised its stake in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after buying an additional 98 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Builders FirstSource during the 1st quarter valued at about $95,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of BLDR stock traded down $3.61 during trading hours on Friday, reaching $123.24. The company had a trading volume of 1,810,123 shares, compared to its average volume of 1,708,038. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.82. The stock has a fifty day moving average of $117.47 and a 200-day moving average of $130.03. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 8.23 and a beta of 1.69. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The business's revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.65 earnings per share. 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 approved a share repurchase program on Thursday, May 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Paul S. Levy purchased 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, for a total transaction of $31,529,925.57. Following the completion of the transaction, the director directly owned 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. This trade represents a 20.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dirkson R. Charles acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired 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 of the company's stock, valued at $548,350. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought 505,000 shares of company stock valued at $56,032,120 over the last 90 days. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BLDR. BMO Capital Markets reduced their price objective on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research note on Monday, May 5th. Stifel Nicolaus cut 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. Wedbush cut their price target on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, June 20th. Stephens cut their price target on 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, Loop Capital cut their price target on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus 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.