Rehmann Capital Advisory Group Increases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Rehmann Capital Advisory Group grew its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 61.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,031 shares of the company's stock after acquiring an additional 2,307 shares during the period. Rehmann Capital Advisory Group's holdings in Builders FirstSource were worth $754,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BLDR. Proficio Capital Partners LLC raised its position in Builders FirstSource by 9.4% in the fourth quarter. Proficio Capital Partners LLC now owns 4,547 shares of the company's stock worth $650,000 after acquiring an additional 390 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Builders FirstSource during the 4th quarter worth $34,540,000. AlphaQuest LLC increased its holdings in shares of Builders FirstSource by 5,227.3% in the 4th quarter. AlphaQuest LLC now owns 586 shares of the company's stock valued at $84,000 after purchasing an additional 575 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Builders FirstSource by 6.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,093 shares of the company's stock valued at $5,873,000 after purchasing an additional 2,519 shares during the period. Finally, Independent Advisor Alliance boosted its holdings in Builders FirstSource by 70.5% during the fourth quarter. Independent Advisor Alliance now owns 2,280 shares of the company's stock worth $326,000 after buying an additional 943 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price for the company. Robert W. Baird set a $130.00 price objective on Builders FirstSource in a research note on Friday, May 2nd. Stephens decreased their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Wedbush lowered their target price on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, June 20th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $140.00 price target (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.42.

Insider Activity at Builders FirstSource

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

Builders FirstSource Price Performance

BLDR stock opened at $135.24 on Friday. The company has a market cap of $14.95 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 8.47 and a beta of 1.69. The company has a current ratio of 1.82, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average price of $115.34 and a two-hundred day moving average price of $130.79. 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 issued its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The business had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the previous year, the business earned $2.65 EPS. The company's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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

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.

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