Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 248.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,520 shares of the company’s stock after purchasing an additional 11,070 shares during the period. SG Americas Securities LLC’s holdings in Builders FirstSource were worth $1,939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the 4th quarter valued at about $34,000. Sentry Investment Management LLC acquired a new position in Builders FirstSource during the 1st quarter valued at approximately $40,000. Smartleaf Asset Management LLC grew its stake in Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after buying an additional 134 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in Builders FirstSource in the fourth quarter worth $74,000. Finally, Financial Perspectives Inc bought a new stake in Builders FirstSource in the fourth quarter valued at $76,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Stifel Nicolaus decreased their target price on shares of Builders FirstSource from $125.00 to $118.00 and set a “hold” rating for the company in a research report on Monday, May 5th. Deutsche Bank Aktiengesellschaft began coverage on Builders FirstSource in a report on Tuesday, April 1st. They set a “buy” rating and a $151.00 price target on the stock. UBS Group decreased their price objective on Builders FirstSource from $180.00 to $163.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, Truist Financial lowered their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $167.58.

Insider Buying and Selling

In other news, Director Paul S. Levy acquired 283,517 shares of the firm’s 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 purchase, the director now owns 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dirkson R. Charles bought 5,000 shares of Builders FirstSource stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average price of $109.67 per share, with a total value of $548,350.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $548,350. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 505,000 shares of company stock valued at $56,032,120. 2.00% of the stock is owned by corporate insiders.

Builders FirstSource Stock Down 3.4%

BLDR stock opened at $111.17 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a market cap of $12.29 billion, a PE ratio of 12.27, a P/E/G ratio of 0.80 and a beta of 1.69. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The firm has a 50 day simple moving average of $114.76 and a 200 day simple moving average of $136.67.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company posted $2.65 EPS. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has authorized a stock buyback plan on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are generally an indication 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.