Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,484 shares of the company’s stock after buying an additional 360 shares during the period. State of Alaska Department of Revenue’s holdings in Builders FirstSource were worth $1,684,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Clarius Group LLC acquired a new position in shares of Builders FirstSource in the 1st quarter valued at $239,000. NBT Bank N A NY acquired a new stake in Builders FirstSource during the 1st quarter worth $250,000. QRG Capital Management Inc. boosted its stake in Builders FirstSource by 1.0% during the 1st quarter. QRG Capital Management Inc. now owns 20,491 shares of the company’s stock worth $2,560,000 after purchasing an additional 198 shares during the period. Sowell Financial Services LLC acquired a new stake in Builders FirstSource during the 1st quarter worth $1,012,000. Finally, Asio Capital LLC acquired a new stake in Builders FirstSource during the 1st quarter worth $2,206,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was purchased at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $548,350. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul S. Levy bought 283,517 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were acquired at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the acquisition, the director now directly owns 1,672,687 shares in the company, valued at $186,019,521.27. This represents a 20.41% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 505,000 shares of company stock worth $56,032,120. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BLDR. Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They set a “buy” rating and a $151.00 price target for the company. Raymond James Financial reiterated an “outperform” rating and set a $140.00 price target (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Robert W. Baird set a $130.00 price target on shares of Builders FirstSource in a research note on Friday, May 2nd. BMO Capital Markets decreased their price target on shares of Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating for the company in a research note on Monday, May 5th. Finally, Wedbush cut their price objective on shares of Builders FirstSource from $190.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and an average price target of $163.11.

Builders FirstSource Stock Performance

Shares of BLDR opened at $119.31 on Tuesday. The company has a 50-day simple moving average of $113.64 and a 200-day simple moving average of $133.75. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $13.18 billion, a PE ratio of 15.30, a P/E/G ratio of 7.31 and a beta of 1.70. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14.

Builders FirstSource (NYSE:BLDR) last announced its quarterly 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. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The business’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.65 EPS. Equities research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has initiated a stock buyback program on Thursday, May 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Builders FirstSource 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.