Paragon Advisors LLC Has $1.50 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Paragon Advisors LLC decreased its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 20.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor 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 filing with the SEC.

A number of other large investors have also recently bought and sold shares of BLDR. GAMMA Investing LLC lifted its position in Builders FirstSource by 68.5% during the 1st quarter. GAMMA Investing LLC now owns 1,949 shares of the company's stock worth $244,000 after buying an additional 792 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of Builders FirstSource by 3.6% in the first quarter. Yousif Capital Management LLC now owns 16,139 shares of the company's stock valued at $2,016,000 after acquiring an additional 566 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Builders FirstSource by 112.9% in the first quarter. Farther Finance Advisors LLC now owns 9,597 shares of the company's stock valued at $1,205,000 after acquiring an additional 5,089 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in Builders FirstSource by 22.8% during the first quarter. Capital Investment Advisors LLC now owns 12,882 shares of the company's stock worth $1,609,000 after acquiring an additional 2,390 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in Builders FirstSource by 18.4% during the first quarter. Wedge Capital Management L L P NC now owns 58,219 shares of the company's stock valued at $7,274,000 after purchasing an additional 9,054 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded down $3.88 on Friday, hitting $111.17. The stock had a trading volume of 1,414,687 shares, compared to its average volume of 1,672,466. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The business's 50 day moving average is $114.76 and its two-hundred day moving average is $137.33.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released 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. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the company posted $2.65 EPS. The firm's quarterly revenue was down 6.0% on a year-over-year basis. Analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its board has initiated a stock repurchase program on Thursday, May 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company's stock, valued at $548,350. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 bought at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the purchase, the director now owns 1,672,687 shares of the company's stock, valued at $186,019,521.27. This trade represents a 20.41% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 505,000 shares of company stock valued at $56,032,120. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stifel Nicolaus lowered their price target on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Robert W. Baird set a $130.00 target price on shares of Builders FirstSource in a research note on Friday, May 2nd. The Goldman Sachs Group dropped their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price target for the company. Finally, Raymond James restated an "outperform" rating and set a $140.00 price objective (down from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Six investment 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's stock. According to MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus price target of $167.58.

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.