Whittier Trust Co. of Nevada Inc. Has $9.02 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Whittier Trust Co. of Nevada Inc. boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 4.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 72,177 shares of the company's stock after buying an additional 2,746 shares during the period. Whittier Trust Co. of Nevada Inc. owned approximately 0.06% of Builders FirstSource worth $9,018,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BLDR. Sentry Investment Management LLC purchased a new position in Builders FirstSource in the first quarter valued at approximately $40,000. CX Institutional purchased a new position in Builders FirstSource in the first quarter valued at approximately $45,000. New Age Alpha Advisors LLC purchased a new position in Builders FirstSource in the fourth quarter valued at approximately $74,000. Mather Group LLC. raised its holdings in Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after buying an additional 98 shares during the period. Finally, AlphaQuest LLC raised its holdings in Builders FirstSource by 5,227.3% in the fourth quarter. AlphaQuest LLC now owns 586 shares of the company's stock valued at $84,000 after buying an additional 575 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

BLDR stock traded up $0.12 during trading on Wednesday, hitting $126.00. The company had a trading volume of 1,666,560 shares, compared to its average volume of 1,715,846. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 8.22 and a beta of 1.69. The business has a 50 day moving average of $116.90 and a 200 day moving average of $130.28. 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 quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the company posted $2.65 earnings per share. The company's quarterly revenue was down 6.0% compared to the same quarter last year. As a group, research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource announced that its board has initiated a stock buyback program on Thursday, May 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

BLDR has been the subject of several recent research reports. Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the company an "outperform" rating in a research report on Thursday, July 10th. Stephens lowered 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 report on Friday, May 2nd. UBS Group lowered 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 report on Friday, May 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $132.00 price objective on shares of Builders FirstSource in a research report on Thursday, May 15th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $159.42.

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 on Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul S. Levy purchased 283,517 shares of the business's stock in a transaction on Thursday, May 8th. The stock was acquired at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the acquisition, the director directly owned 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 acquired a total of 505,000 shares of company stock valued at $56,032,120 over the last three months. 2.00% of the stock is owned by corporate insiders.

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.