Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Paragon Advisors LLC

Paragon Advisors LLC lessened its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 20.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,992 shares of the company's stock after selling 3,029 shares during the period. Paragon Advisors LLC's holdings in Builders FirstSource were worth $1,498,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Builders FirstSource by 3.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock worth $278,000 after purchasing an additional 64 shares during the period. TFB Advisors LLC lifted its position in Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock worth $546,000 after buying an additional 79 shares during the period. HighPoint Advisor Group LLC lifted its position in Builders FirstSource by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock worth $262,000 after buying an additional 83 shares during the period. Aptus Capital Advisors LLC boosted its stake in Builders FirstSource by 6.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock worth $214,000 after buying an additional 85 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in Builders FirstSource by 2.3% in the 4th quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock valued at $628,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Up 3.9%

Shares of NYSE:BLDR traded up $4.41 during midday trading on Tuesday, reaching $117.37. The company had a trading volume of 1,987,997 shares, compared to its average volume of 1,672,339. The stock has a market capitalization of $12.97 billion, a P/E ratio of 12.95, a PEG ratio of 0.80 and a beta of 1.70. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14. The stock's fifty day moving average price is $115.13 and its 200-day moving average price is $138.67.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Builders FirstSource's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.65 earnings per share. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

BLDR has been the topic of several recent analyst reports. Barclays cut their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada reiterated an "outperform" rating and issued a $132.00 price target on shares of Builders FirstSource in a report on Thursday, May 15th. Stephens dropped their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Truist Financial cut their target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, Benchmark dropped their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $167.58.

Insider Buying and Selling at Builders FirstSource

In related news, Director Dirkson R. Charles bought 5,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company's stock, valued at approximately $548,350. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul S. Levy acquired 283,517 shares of the company's stock in a transaction that occurred on 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 now owns 1,672,687 shares in the company, valued at approximately $186,019,521.27. This trade represents a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 505,000 shares of company stock worth $56,032,120 over the last 90 days. Insiders own 2.00% of the company's stock.

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.