Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by 1832 Asset Management L.P.

1832 Asset Management L.P. increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 28.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 155,639 shares of the company’s stock after acquiring an additional 34,152 shares during the period. 1832 Asset Management L.P.’s holdings in Builders FirstSource were worth $21,542,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Innealta Capital LLC acquired a new stake in Builders FirstSource in the 2nd quarter valued at about $27,000. Westside Investment Management Inc. bought a new stake in Builders FirstSource during the first quarter worth approximately $31,000. Principal Securities Inc. bought a new stake in Builders FirstSource during the fourth quarter worth approximately $32,000. ORG Partners LLC acquired a new position in Builders FirstSource in the first quarter worth approximately $33,000. Finally, American Capital Advisory LLC acquired a new stake in shares of Builders FirstSource during the 1st quarter valued at $34,000. Institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total value of $4,610,400.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BLDR. Barclays decreased their target price on Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Stifel Nicolaus decreased their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Benchmark cut their price target on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.00.

Builders FirstSource Trading Down 1.0 %

Builders FirstSource stock opened at $195.81 on Tuesday. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70. The company’s fifty day moving average price is $168.61 and its two-hundred day moving average price is $170.60. The company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 10.06 and a beta of 2.06. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14.

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, beating analysts’ consensus estimates of $3.02 by $0.48. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $3.89 EPS. On average, analysts forecast that Builders FirstSource, Inc. will post 11.65 earnings per share for the current fiscal year.

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