TFR Capital LLC. Buys New Position in Builders FirstSource, Inc. (NYSE:BLDR)

TFR Capital LLC. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,668 shares of the company's stock, valued at approximately $1,096,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Builders FirstSource during the 4th quarter worth approximately $199,890,000. Voya Investment Management LLC boosted its holdings in shares of Builders FirstSource by 174.2% during the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock worth $202,374,000 after purchasing an additional 899,841 shares during the last quarter. FMR LLC increased its stake in shares of Builders FirstSource by 7.3% during the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after acquiring an additional 740,214 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock valued at $92,891,000 after purchasing an additional 645,746 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after acquiring an additional 623,583 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Activity at Builders FirstSource

In related news, 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, with a total value of $548,350.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company's stock, valued at approximately $548,350. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul S. Levy bought 283,517 shares of the company's stock in a transaction on Thursday, May 8th. The stock was bought at an average cost of $111.21 per share, for a total transaction of $31,529,925.57. Following the completion of the transaction, the director now directly 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 ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 505,000 shares of company stock valued at $56,032,120. Corporate insiders own 2.00% of the company's stock.

Builders FirstSource Stock Up 1.3%

BLDR traded up $1.41 during trading on Thursday, hitting $108.87. The company had a trading volume of 1,885,786 shares, compared to its average volume of 1,677,462. The company has a market cap of $12.03 billion, a PE ratio of 12.02, a P/E/G ratio of 0.80 and a beta of 1.79. The business has a 50-day moving average of $117.53 and a 200-day moving average of $142.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 1-year low of $103.81 and a 1-year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted 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. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm's quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.65 earnings per share. As a group, analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent research reports. Stephens dropped 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 report on Friday, May 2nd. Loop Capital lowered their price target on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a research report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $132.00 target price on shares of Builders FirstSource in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group dropped their target price on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.