South Dakota Investment Council Increases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

South Dakota Investment Council increased its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 22.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,625 shares of the company's stock after purchasing an additional 2,500 shares during the period. South Dakota Investment Council's holdings in Builders FirstSource were worth $1,702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sentry Investment Management LLC purchased a new stake in shares of Builders FirstSource in the first quarter worth $40,000. CX Institutional purchased a new stake in shares of Builders FirstSource during the first quarter valued at $45,000. New Age Alpha Advisors LLC purchased a new stake in shares of Builders FirstSource during the fourth quarter valued at $74,000. Mather Group LLC. boosted its position in shares of Builders FirstSource by 19.7% during the first 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 stake in shares of Builders FirstSource during the first quarter valued at $95,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price objective 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. UBS Group lowered their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. BMO Capital Markets lowered their target price on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a report on Monday, May 5th. Loop Capital decreased their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird set a $130.00 price objective on Builders FirstSource in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of "Moderate Buy" and an average price target of $159.42.

Builders FirstSource Trading Down 1.9%

Shares of NYSE BLDR traded down $2.58 during trading hours on Thursday, hitting $132.14. 592,368 shares of the company traded hands, compared to its average volume of 1,916,439. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. 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 market capitalization of $14.60 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 11.88 and a beta of 1.69. The company's 50 day moving average price is $117.99 and its 200 day moving average price is $129.75.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly 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 firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the company earned $2.65 EPS. Builders FirstSource's quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other news, Director Paul S. Levy bought 283,517 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was acquired at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the transaction, the director directly owned 1,672,687 shares in the company, valued at approximately $186,019,521.27. This trade represents a 20.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dirkson R. Charles bought 5,000 shares of the firm'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 owned 5,000 shares in the company, valued at $548,350. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 505,000 shares of company stock valued at $56,032,120 over the last three months. 2.00% of the stock is owned by corporate insiders.

Builders FirstSource 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.