Mutual of America Capital Management LLC Has $5.98 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Mutual of America Capital Management LLC boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 28.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,230 shares of the company’s stock after buying an additional 9,563 shares during the period. Mutual of America Capital Management LLC’s holdings in Builders FirstSource were worth $5,983,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of Builders FirstSource in the second quarter worth $27,000. Westside Investment Management Inc. acquired a new stake in Builders FirstSource during the 1st quarter worth about $31,000. Principal Securities Inc. acquired a new position in shares of Builders FirstSource in the 4th quarter valued at about $32,000. ORG Partners LLC purchased a new stake in shares of 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 first quarter worth approximately $34,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BLDR has been the topic of several research reports. Loop Capital upped their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada cut their price objective on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Stifel Nicolaus lowered their target price on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Oppenheimer raised their price target on Builders FirstSource from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Builders FirstSource in a research note on Tuesday, August 6th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.00.

Insider Buying and Selling

In other news, Director Craig Arthur Steinke sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the transaction, the director now owns 95,333 shares of the company’s stock, valued at $14,650,775.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Stock Down 2.0 %

BLDR stock opened at $197.74 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. The company has a 50-day moving average of $167.76 and a two-hundred day moving average of $171.06. The stock has a market capitalization of $24.14 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 10.06 and a beta of 2.06. Builders FirstSource, Inc. has a 52-week low of $105.24 and a 52-week high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter last year, the firm posted $3.89 EPS. The company’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.65 EPS for the current year.

Builders FirstSource declared that its Board of Directors has approved a stock repurchase program on Tuesday, August 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are 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.