2,191 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Purchased by Wealthquest Corp

Wealthquest Corp acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,191 shares of the company's stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Builders FirstSource by 3.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock worth $278,000 after buying an additional 64 shares during the period. HighPoint Advisor Group LLC lifted its holdings in Builders FirstSource by 5.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock worth $262,000 after buying an additional 83 shares during the period. Aptus Capital Advisors LLC lifted its holdings in Builders FirstSource by 6.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock worth $214,000 after buying an additional 85 shares during the period. Baird Financial Group Inc. lifted its holdings in Builders FirstSource by 2.3% in the 4th quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock worth $628,000 after buying an additional 98 shares during the period. Finally, Modera Wealth Management LLC lifted its stake in shares of Builders FirstSource by 5.0% in the 4th quarter. Modera Wealth Management LLC now owns 2,156 shares of the company's stock valued at $308,000 after purchasing an additional 102 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Insider Activity at Builders FirstSource

In related news, Director Paul S. Levy bought 283,517 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were 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 owns 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. This trade represents a 20.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dirkson R. Charles acquired 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average price of $109.67 per share, for a total transaction 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 disclosure for this purchase can be found here. Over the last three months, insiders have purchased 505,000 shares of company stock worth $56,032,120. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Stephens lowered their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a research note on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price for the company. Stifel Nicolaus lowered their target price on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a research note on Monday, May 5th. BMO Capital Markets lowered their target price on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research note on Monday, May 5th. Finally, Wedbush reduced their price objective on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, June 20th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $163.11.

Builders FirstSource Stock Performance

Shares of BLDR traded down $0.01 during trading hours on Thursday, hitting $115.95. The stock had a trading volume of 1,402,545 shares, compared to its average volume of 1,693,198. The firm has a market capitalization of $12.81 billion, a PE ratio of 14.86, a PEG ratio of 7.57 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 stock has a fifty day moving average price of $113.71 and a 200 day moving average price of $133.53. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. The company had revenue of $3.66 billion for 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%. Builders FirstSource's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.65 earnings per share. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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

About Builders FirstSource

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.