Whittier Trust Co. Increases Position in Builders FirstSource, Inc. (NYSE:BLDR)

Whittier Trust Co. grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 106,828 shares of the company's stock after buying an additional 2,075 shares during the quarter. Whittier Trust Co. owned 0.09% of Builders FirstSource worth $13,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BLDR. Cambridge Investment Research Advisors Inc. grew its stake 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 worth $2,500,000 after purchasing an additional 3,131 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Builders FirstSource by 41.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company's stock worth $945,000 after purchasing an additional 2,216 shares in the last quarter. Altus Wealth Group LLC grew its stake in Builders FirstSource by 11.2% in the first 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 bought a new stake in Builders FirstSource during the 1st quarter valued at $1,012,000. Finally, Benjamin Edwards Inc. boosted its position in Builders FirstSource by 36.1% during the 4th quarter. Benjamin Edwards Inc. now owns 11,188 shares of the company's stock valued at $1,599,000 after acquiring an additional 2,967 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded up $1.03 during trading on Thursday, reaching $127.03. 1,317,431 shares of the company traded hands, compared to its average volume of 1,714,260. The firm's fifty day simple moving average is $116.90 and its 200 day simple moving average is $130.28. The stock has a market cap of $14.04 billion, a P/E ratio of 16.29, a PEG ratio of 8.22 and a beta of 1.69. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month 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 released its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The company's revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $2.65 EPS. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles purchased 5,000 shares of the business's stock in a transaction that occurred on 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 purchase, the director directly owned 5,000 shares in the company, valued at approximately $548,350. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 stock was acquired at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the purchase, the director owned 1,672,687 shares in the company, valued at $186,019,521.27. This represents a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 505,000 shares of company stock valued at $56,032,120 in the last quarter. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on BLDR shares. Raymond James Financial reaffirmed an "outperform" rating and set a $140.00 target price (down previously from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Stephens dropped their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Loop Capital dropped their target price on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus dropped their target price on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Finally, UBS Group dropped their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. 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, Builders FirstSource currently has an average rating of "Moderate Buy" and an average target price 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.