Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Builders FirstSource, Inc. (NYSE:BLDR)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 45,557 shares of the company's stock, valued at approximately $6,511,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in shares of Builders FirstSource by 8.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,420 shares of the company's stock valued at $1,346,000 after purchasing an additional 746 shares during the period. Blue Trust Inc. raised its holdings in Builders FirstSource by 24.8% during the 4th quarter. Blue Trust Inc. now owns 3,286 shares of the company's stock valued at $470,000 after acquiring an additional 652 shares during the period. Perigon Wealth Management LLC raised its holdings in Builders FirstSource by 30.9% during the 4th quarter. Perigon Wealth Management LLC now owns 5,208 shares of the company's stock valued at $744,000 after acquiring an additional 1,230 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Builders FirstSource during the fourth quarter worth $196,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Builders FirstSource by 7.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,635 shares of the company's stock worth $662,000 after acquiring an additional 333 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

NYSE:BLDR traded up $2.48 during mid-day trading on Wednesday, reaching $112.68. The stock had a trading volume of 2,099,323 shares, compared to its average volume of 1,674,102. The stock has a market capitalization of $12.45 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.80 and a beta of 1.79. The firm has a 50 day moving average price of $116.00 and a two-hundred day moving average price of $140.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a one year low of $102.60 and a one 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 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the firm posted $2.65 earnings per share. The business's revenue was down 6.0% compared to the same quarter last year. As a group, analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors 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 stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

BLDR has been the topic of a number of analyst reports. Truist Financial decreased their price objective 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. Benchmark decreased their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group cut their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Stifel Nicolaus decreased their target price on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Finally, Loop Capital lowered their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $167.58.

Insider Buying and Selling

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul S. Levy purchased 283,517 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was bought 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 of the company's stock, valued at $186,019,521.27. This represents a 20.41% 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 worth $56,032,120 in the last ninety days. 2.00% of the stock is owned by insiders.

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.