Tran Capital Management L.P. Buys 92,004 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Tran Capital Management L.P. increased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 171.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 145,719 shares of the company's stock after buying an additional 92,004 shares during the quarter. Builders FirstSource accounts for approximately 2.4% of Tran Capital Management L.P.'s portfolio, making the stock its 16th largest holding. Tran Capital Management L.P. owned 0.13% of Builders FirstSource worth $18,206,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Builders FirstSource by 3.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock worth $278,000 after purchasing an additional 64 shares in the last quarter. TFB Advisors LLC grew its position in shares of Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock valued at $546,000 after purchasing an additional 79 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in shares of Builders FirstSource by 5.2% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock valued at $262,000 after purchasing an additional 83 shares during the period. Aptus Capital Advisors LLC lifted its holdings in Builders FirstSource by 6.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock worth $214,000 after purchasing an additional 85 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Builders FirstSource by 2.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock valued at $628,000 after acquiring an additional 98 shares during the period. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Down 3.8%

NYSE:BLDR traded down $4.39 during trading hours on Friday, reaching $110.66. The company's stock had a trading volume of 826,358 shares, compared to its average volume of 1,669,635. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.80 and a beta of 1.70. The firm has a 50-day simple moving average of $114.81 and a 200-day simple moving average of $137.85. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same period last year, the firm earned $2.65 earnings per share. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. Research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $548,350. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul S. Levy purchased 283,517 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the acquisition, the director now owns 1,672,687 shares in the company, 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. Insiders have purchased 505,000 shares of company stock valued at $56,032,120 in the last ninety days. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on BLDR. Stephens lowered their target price on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. UBS Group lowered their price objective on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. BMO Capital Markets reduced their target price on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research report on Monday, May 5th. Truist Financial decreased their target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target for the company. Six 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $167.58.

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.