Wedge Capital Management L L P NC Buys 9,054 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Wedge Capital Management L L P NC lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 18.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,219 shares of the company's stock after acquiring an additional 9,054 shares during the quarter. Wedge Capital Management L L P NC owned 0.05% of Builders FirstSource worth $7,274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in BLDR. SBI Securities Co. Ltd. purchased a new stake in Builders FirstSource during the fourth quarter valued at $34,000. Sentry Investment Management LLC purchased a new position in Builders FirstSource during the first quarter valued at $40,000. Avion Wealth boosted its position in shares of Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after purchasing an additional 306 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Builders FirstSource during the 4th quarter valued at $74,000. 95.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Builders FirstSource

In other news, Director Dirkson R. Charles bought 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the acquisition, the director now owns 5,000 shares of the company's stock, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The transaction 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 shares were purchased at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the completion of the acquisition, the director now directly owns 1,672,687 shares in the company, valued at $186,019,521.27. The trade was a 20.41% increase in their position. 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 over the last ninety days. Company insiders own 2.00% of the company's stock.

Builders FirstSource Price Performance

Builders FirstSource stock traded up $0.53 during mid-day trading on Thursday, reaching $114.89. 1,402,201 shares of the company's stock traded hands, compared to its average volume of 1,675,694. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $114.89 and a two-hundred day moving average of $138.36. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.80 and a beta of 1.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its 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 business's revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.65 EPS. Equities 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 initiated a share buyback program on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Benchmark dropped their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Barclays dropped their price objective on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Robert W. Baird set a $130.00 target price on Builders FirstSource in a research report on Friday, May 2nd. Stephens lowered their price target on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, UBS Group dropped their price target on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.