Universal Beteiligungs und Servicegesellschaft mbH Grows Position in Builders FirstSource, Inc. (NYSE:BLDR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Builders FirstSource by 12.7% during the first quarter, owning a total of 51,346 shares worth approximately $6.42 million after acquiring an additional 5,789 shares.
• Several hedge funds, including PFG Advisors and Kailix Advisors LLC, also boosted their positions in Builders FirstSource during the same quarter, demonstrating growing institutional interest.
• Builders FirstSource announced a $500 million stock buyback plan, indicating that the company's leadership believes its shares are undervalued.

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,346 shares of the company's stock after purchasing an additional 5,789 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Builders FirstSource were worth $6,415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource during the 1st quarter worth $40,000. CX Institutional purchased a new position in Builders FirstSource in the first quarter valued at about $45,000. New Age Alpha Advisors LLC bought a new position in shares of Builders FirstSource during the 4th quarter valued at approximately $74,000. Mather Group LLC. grew its position in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after acquiring an additional 98 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in shares of Builders FirstSource during the 1st quarter worth approximately $95,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Down 0.6%

Shares of BLDR traded down $0.77 during mid-day trading on Monday, hitting $135.69. 1,832,109 shares of the company's stock traded hands, compared to its average volume of 1,920,015. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $15.00 billion, a P/E ratio of 17.40, a PEG ratio of 12.48 and a beta of 1.69. The business's 50-day moving average price is $118.61 and its 200-day moving average price is $129.42. 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 posted its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share 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 for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the business earned $2.65 EPS. The business's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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

Analysts Set New Price Targets

Several brokerages have weighed in on BLDR. Stephens reduced their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Robert W. Baird set a $130.00 price objective on shares of Builders FirstSource in a report on Friday, May 2nd. Loop Capital lowered their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets cut their price objective on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a report on Monday, May 5th. Finally, Oppenheimer set a $155.00 price target on shares of Builders FirstSource and gave the stock an "outperform" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $159.42.

Insiders Place Their Bets

In other Builders FirstSource news, Director Dirkson R. Charles acquired 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company's stock, valued at approximately $548,350. The trade was a ∞ 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 Paul S. Levy bought 283,517 shares of the stock in a transaction dated Thursday, May 8th. The shares were acquired at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the acquisition, the director directly owned 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. The trade was a 20.41% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 505,000 shares of company stock worth $56,032,120. Company insiders own 1.80% of the company's stock.

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.