Sfmg LLC Purchases 520 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Sfmg LLC lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 11.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,994 shares of the company’s stock after buying an additional 520 shares during the quarter. Sfmg LLC’s holdings in Builders FirstSource were worth $691,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Builders FirstSource by 15.7% during the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after acquiring an additional 1,985,297 shares in the last quarter. Boston Partners boosted its stake in shares of Builders FirstSource by 0.8% during the first 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 in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock valued at $163,373,000 after buying an additional 911,990 shares during the period. Frontier Capital Management Co. LLC raised its stake in Builders FirstSource by 34.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock worth $189,268,000 after buying an additional 292,966 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Builders FirstSource by 22.7% during the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock worth $147,059,000 after buying an additional 196,571 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $193.01 on Wednesday. The stock has a 50-day moving average of $169.17 and a two-hundred day moving average of $170.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83. The stock has a market cap of $23.56 billion, a P/E ratio of 16.52, a P/E/G ratio of 10.06 and a beta of 2.06. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the previous year, the company posted $3.89 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Builders FirstSource, Inc. will post 11.65 EPS for the current year.

Builders FirstSource announced that its Board of Directors has approved a stock repurchase plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BLDR. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Monday. B. Riley reduced their target price on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Barclays decreased their price target on shares of Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research report on Tuesday, August 6th. Finally, Bank of America increased their target price on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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 stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the sale, the director now owns 95,333 shares in the company, 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 corporate insiders.

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.