Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 54.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,223 shares of the company’s stock after acquiring an additional 784 shares during the period. OneDigital Investment Advisors LLC’s holdings in Builders FirstSource were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BLDR. Sentry Investment Management LLC acquired a new stake in shares of Builders FirstSource during the 1st quarter valued at about $40,000. CX Institutional acquired a new stake in shares of Builders FirstSource during the 1st quarter valued at about $45,000. New Age Alpha Advisors LLC acquired a new stake in shares of Builders FirstSource during the 4th quarter valued at about $74,000. Mather Group LLC. lifted its holdings in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company’s stock valued at $74,000 after buying an additional 98 shares during the last quarter. Finally, AlphaQuest LLC lifted its holdings in shares of Builders FirstSource by 5,227.3% during the 4th quarter. AlphaQuest LLC now owns 586 shares of the company’s stock valued at $84,000 after buying an additional 575 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BLDR shares. UBS Group lowered their price target on Builders FirstSource from $180.00 to $163.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Oppenheimer lowered their price objective on shares of Builders FirstSource from $165.00 to $155.00 and set an “outperform” rating on the stock in a research note on Thursday. Royal Bank Of Canada reissued an “outperform” rating and issued a $132.00 price target on shares of Builders FirstSource in a report on Thursday, May 15th. Wedbush reduced their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, June 20th. Finally, BMO Capital Markets decreased their target price on Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating on the stock in a research report on Monday, May 5th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $159.42.

Insider Buying and Selling

In other Builders FirstSource news, Director Dirkson R. Charles acquired 5,000 shares of Builders FirstSource stock in a transaction dated 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 completion of the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $548,350. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul S. Levy bought 283,517 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was acquired at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the acquisition, the director directly owned 1,672,687 shares in the company, valued at $186,019,521.27. The trade was a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 505,000 shares of company stock worth $56,032,120. 2.00% of the stock is owned by company insiders.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $133.39 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. The firm has a 50 day moving average of $115.73 and a 200-day moving average of $130.56. The company has a market cap of $14.74 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 8.49 and a beta of 1.69.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the firm posted $2.65 earnings per share. The business’s revenue was down 6.0% compared to the same quarter last year. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has approved a share repurchase program on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes 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 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.