Innealta Capital LLC Invests $27,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Innealta Capital LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 194 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Builders FirstSource by 15.7% in the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after acquiring an additional 1,985,297 shares during the period. Westfield Capital Management Co. LP raised its stake in Builders FirstSource by 11.2% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,416,611 shares of the company’s stock valued at $236,489,000 after purchasing an additional 143,041 shares during the last quarter. Boston Partners boosted its holdings in Builders FirstSource by 0.8% in the 1st quarter. Boston Partners now owns 1,377,335 shares of the company’s stock valued at $285,794,000 after purchasing an additional 10,551 shares during the period. Norges Bank acquired a new stake in Builders FirstSource in the 4th quarter worth $212,209,000. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of Builders FirstSource by 34.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock worth $189,268,000 after purchasing an additional 292,966 shares during the period. Institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the transaction, the director now owns 95,333 shares in the company, valued at approximately $14,650,775.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BLDR has been the subject of several research reports. Barclays reduced their target price on shares of Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Robert W. Baird upgraded Builders FirstSource from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $185.00 to $190.00 in a research report on Wednesday, August 7th. Benchmark lowered their price objective on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Baird R W raised Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Finally, Bank of America lowered shares of Builders FirstSource from a “buy” rating to a “neutral” rating and lowered their price target for the company from $183.00 to $180.00 in a report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $180.47.

Builders FirstSource Stock Up 1.1 %

Shares of NYSE:BLDR opened at $174.00 on Friday. The company has a market capitalization of $21.24 billion, a PE ratio of 14.90, a P/E/G ratio of 2.57 and a beta of 2.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. The company’s fifty day moving average is $155.31 and its 200-day moving average is $172.10. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.48. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.89 earnings per share. Equities research analysts predict that Builders FirstSource, Inc. will post 12.91 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback program on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.