Stratos Wealth Partners LTD. Acquires 3,882 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Stratos Wealth Partners LTD. boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 10.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,153 shares of the company's stock after acquiring an additional 3,882 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Builders FirstSource were worth $5,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource in the fourth quarter worth approximately $34,000. Sentry Investment Management LLC bought a new position in Builders FirstSource during the 1st quarter worth approximately $40,000. CX Institutional acquired a new position in shares of Builders FirstSource in the 1st quarter worth approximately $45,000. New Age Alpha Advisors LLC bought a new stake in shares of Builders FirstSource in the 4th quarter valued at $74,000. Finally, AlphaQuest LLC boosted its stake 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 during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays dropped their target price 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. Robert W. Baird set a $130.00 price objective on Builders FirstSource in a research report on Friday, May 2nd. Wedbush cut their target price on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, June 20th. UBS Group lowered their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, BMO Capital Markets cut their price target 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. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.11.

Insiders Place Their Bets

In other news, Director Paul S. Levy acquired 283,517 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $111.21 per share, for a total transaction 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. This represents a 20.41% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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, for a total transaction of $548,350.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $548,350. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 505,000 shares of company stock worth $56,032,120 over the last ninety days. Insiders own 2.00% of the company's stock.

Builders FirstSource Trading Up 4.8%

BLDR opened at $133.36 on Thursday. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14. The firm has a market capitalization of $14.74 billion, a PE ratio of 17.10, a P/E/G ratio of 8.10 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. The company's 50-day moving average is $114.88 and its 200 day moving average is $130.89.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The company's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.65 earnings per share. As a group, research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a share buyback plan on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

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.

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