Robeco Institutional Asset Management B.V. Raises Position in Builders FirstSource, Inc. (NYSE:BLDR)

Robeco Institutional Asset Management B.V. grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 12.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,097,741 shares of the company's stock after purchasing an additional 121,616 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.97% of Builders FirstSource worth $137,152,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource in the fourth quarter valued at $34,000. Sentry Investment Management LLC acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $40,000. CX Institutional acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $45,000. Smartleaf Asset Management LLC raised its position in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after acquiring an additional 134 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Builders FirstSource in the fourth quarter worth approximately $74,000. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on BLDR shares. Wedbush decreased their target price 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. Loop Capital reduced their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stephens lowered their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Raymond James Financial reissued an "outperform" rating and set a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Finally, 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. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $163.11.

Insider Activity at Builders FirstSource

In related news, Director Paul S. Levy acquired 283,517 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was acquired at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the completion of the acquisition, the director now owns 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. This represents a 20.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dirkson R. Charles acquired 5,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the transaction, the director now owns 5,000 shares of the company's stock, valued at approximately $548,350. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 505,000 shares of company stock valued at $56,032,120 over the last ninety days. Corporate insiders own 2.00% of the company's stock.

Builders FirstSource Stock Down 0.0%

Shares of BLDR stock traded down $0.01 during trading hours on Thursday, reaching $115.95. The company had a trading volume of 1,402,545 shares, compared to its average volume of 1,693,594. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 7.57 and a beta of 1.69. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The business has a fifty day simple moving average of $113.71 and a 200-day simple moving average of $133.53.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. The business 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 28.02% and a net margin of 5.66%. During the same period last year, the business earned $2.65 EPS. The business's revenue was down 6.0% on a year-over-year basis. On average, research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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