Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,828 shares of the company's stock after purchasing an additional 2,075 shares during the period. Whittier Trust Co. owned approximately 0.09% of Builders FirstSource worth $13,347,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BLDR. Cambridge Investment Research Advisors Inc. increased its holdings in Builders FirstSource by 18.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company's stock valued at $2,500,000 after buying an additional 3,131 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Builders FirstSource by 41.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company's stock valued at $945,000 after buying an additional 2,216 shares in the last quarter. Altus Wealth Group LLC increased its stake in shares of Builders FirstSource by 11.2% during the 1st quarter. Altus Wealth Group LLC now owns 45,021 shares of the company's stock worth $5,625,000 after purchasing an additional 4,549 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Builders FirstSource during the 1st quarter worth approximately $1,012,000. Finally, Benjamin Edwards Inc. increased its stake in shares of Builders FirstSource by 36.1% during the 4th quarter. Benjamin Edwards Inc. now owns 11,188 shares of the company's stock worth $1,599,000 after purchasing an additional 2,967 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the acquisition, the director owned 5,000 shares of the company's stock, valued at $548,350. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul S. Levy bought 283,517 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the acquisition, the director directly owned 1,672,687 shares in the company, valued at approximately $186,019,521.27. This represents 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 in the last 90 days. Company insiders own 2.00% of the company's stock.

Builders FirstSource Trading Down 3.3%

Shares of BLDR traded down $4.19 during mid-day trading on Friday, reaching $122.66. The company had a trading volume of 1,347,985 shares, compared to its average volume of 1,710,106. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 8.23 and a beta of 1.69. The firm has a fifty day simple moving average of $117.21 and a 200-day simple moving average of $130.17. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14. The company has a current ratio of 1.82, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02.

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, beating the consensus estimate of $1.50 by $0.01. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The business's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 EPS. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a share repurchase program on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Wedbush dropped their price objective on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, June 20th. Stephens dropped their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Loop Capital dropped their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, April 14th. UBS Group dropped their price objective on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the stock an "outperform" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.42.

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.