CX Institutional Invests $45,000 in Builders FirstSource, Inc. (NYSE:BLDR)

CX Institutional bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 360 shares of the company’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BLDR. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the fourth quarter worth $34,000. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource during the first quarter worth $40,000. Smartleaf Asset Management LLC raised its position in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after acquiring an additional 134 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Builders FirstSource during the fourth quarter worth $74,000. Finally, Financial Perspectives Inc bought a new stake in Builders FirstSource in the fourth quarter valued at about $76,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 3.4%

Shares of Builders FirstSource stock opened at $107.96 on Wednesday. The business’s 50 day simple moving average is $114.38 and its 200 day simple moving average is $135.95. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. The firm has a market cap of $11.93 billion, a PE ratio of 13.84, a P/E/G ratio of 7.11 and a beta of 1.69. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.82.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the firm earned $2.65 EPS. Builders FirstSource’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, analysts predict 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 share repurchase program on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently commented on BLDR. Loop Capital dropped their price objective on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating for the company in a report on Monday, April 14th. Truist Financial dropped their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Robert W. Baird set a $130.00 price objective on Builders FirstSource in a report on Friday, May 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $132.00 price objective on shares of Builders FirstSource in a report on Thursday, May 15th. Finally, Stifel Nicolaus dropped their price objective on Builders FirstSource from $125.00 to $118.00 and set a “hold” rating for the company in a report on Monday, May 5th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.58.

Insiders Place Their Bets

In other Builders FirstSource news, Director Paul S. Levy bought 216,483 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average cost of $110.65 per share, with a total value of $23,953,843.95. Following the acquisition, the director now owns 1,389,170 shares of the company’s stock, valued at $153,711,660.50. The trade was a 18.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dirkson R. Charles bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $548,350. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 505,000 shares of company stock valued at $56,032,120 in the last 90 days. 1.80% of the stock is currently owned by insiders.

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.