Westbourne Investment Advisors Inc. Acquires Shares of 50,160 Builders FirstSource, Inc. $BLDR

Key Points

• Westbourne Investment Advisors purchased a new position of 50,160 shares of Builders FirstSource (NYSE:BLDR) in Q4, worth about $5.16 million and representing roughly 1.4% of its portfolio as the firm's 26th-largest holding.
• Director Paul S. Levy bought 50,000 shares on March 13 at an average $87.73 (~$4.39M), raising his ownership to 1,727,191 shares; insiders now hold about 2.70% of the stock.
• Builders FirstSource missed quarterly estimates (EPS $1.12 vs. $1.30; revenue down 12.1% YoY) and carries a MarketBeat consensus rating of Hold with an average price target of $121.39 (9 Buy / 10 Hold / 3 Sell).

Westbourne Investment Advisors Inc. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 50,160 shares of the company's stock, valued at approximately $5,161,000. Builders FirstSource accounts for approximately 1.4% of Westbourne Investment Advisors Inc.'s investment portfolio, making the stock its 26th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in BLDR. Cromwell Holdings LLC grew its stake in shares of Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company's stock worth $25,000 after purchasing an additional 225 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company's stock worth $26,000 after purchasing an additional 132 shares during the period. TD Waterhouse Canada Inc. acquired a new position in shares of Builders FirstSource during the 3rd quarter worth $34,000. CYBER HORNET ETFs LLC acquired a new position in shares of Builders FirstSource during the 2nd quarter worth $38,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Builders FirstSource during the 2nd quarter worth $38,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BLDR. Jefferies Financial Group lowered their price target on shares of Builders FirstSource from $110.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday. William Blair began coverage on shares of Builders FirstSource in a research note on Thursday, February 26th. They set an "outperform" rating on the stock. Royal Bank Of Canada raised shares of Builders FirstSource from a "sector perform" rating to an "outperform" rating and set a $119.00 price target on the stock in a research note on Thursday, March 5th. Barclays lowered their price target on shares of Builders FirstSource from $124.00 to $114.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. Finally, Stephens reaffirmed an "equal weight" rating and set a $125.00 price target on shares of Builders FirstSource in a research note on Tuesday, March 24th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $121.39.

Builders FirstSource Price Performance

NYSE BLDR traded up $0.32 during trading hours on Tuesday, reaching $87.85. The company's stock had a trading volume of 58,247 shares, compared to its average volume of 2,280,016. The stock has a market cap of $9.72 billion, a PE ratio of 22.54, a PEG ratio of 2.12 and a beta of 1.63. Builders FirstSource, Inc. has a fifty-two week low of $76.50 and a fifty-two week high of $151.03. The company's 50-day moving average is $97.61 and its two-hundred day moving average is $108.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing analysts' consensus estimates of $1.30 by ($0.18). The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.46 billion. Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. Builders FirstSource's revenue was down 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 earnings per share. Analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Insider Buying and Selling

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the purchase, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. The trade was a 2.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.70% of the company's stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.

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