XTX Topco Ltd Purchases Shares of 7,593 Builders FirstSource, Inc. (NYSE:BLDR)

Key Points

• XTX Topco Ltd has acquired 7,593 shares of Builders FirstSource, valued at approximately $949,000, highlighting growing institutional interest in the company.
• Insider buying is notable, with two directors purchasing significant shares recently, including 283,517 shares by Paul S. Levy for about $31.5 million.
• Analyst ratings for Builders FirstSource have varied, with some firms lowering price targets while maintain an overall consensus rating of "Moderate Buy" and a target price of $158.79.

XTX Topco Ltd acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,593 shares of the company's stock, valued at approximately $949,000.

A number of other institutional investors and hedge funds have also modified their holdings of BLDR. IMA Advisory Services Inc. bought a new position in Builders FirstSource in the first quarter worth $31,000. Sentry Investment Management LLC bought a new position in shares of Builders FirstSource during the 1st quarter worth about $40,000. CX Institutional acquired a new stake in shares of Builders FirstSource during the 1st quarter valued at about $45,000. Mather Group LLC. boosted its position in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after acquiring an additional 98 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Builders FirstSource in the first quarter valued at about $95,000. 95.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Dirkson R. Charles purchased 5,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company's stock, valued at $548,350. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul S. Levy acquired 283,517 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the transaction, the director owned 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. This trade represents a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 505,000 shares of company stock valued at $56,032,120. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BLDR has been the subject of a number of analyst reports. Barclays cut their price target on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday. Royal Bank Of Canada downgraded Builders FirstSource from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $132.00 to $129.00 in a research report on Friday. Baird R W lowered Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday. Oppenheimer set a $155.00 price objective on Builders FirstSource and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $134.00 price objective on shares of Builders FirstSource in a report on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $158.79.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $130.18 on Friday. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14. The company has a current ratio of 1.79, a quick ratio of 1.07 and a debt-to-equity ratio of 1.12. The firm's 50 day moving average is $120.51 and its 200-day moving average is $128.87. The firm has a market capitalization of $14.39 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 11.90 and a beta of 1.68.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.03. The firm had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. Builders FirstSource's revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.50 EPS. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS 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 outstanding shares. This repurchase authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Builders FirstSource Company 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.

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