Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 23.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,211 shares of the company’s stock after selling 1,011 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Builders FirstSource were worth $401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. Sentry Investment Management LLC purchased a new stake in shares of Builders FirstSource in the 1st quarter valued at $40,000. CX Institutional purchased a new stake in Builders FirstSource during the 1st quarter worth about $45,000. New Age Alpha Advisors LLC purchased a new stake in Builders FirstSource during the 4th quarter worth about $74,000. Mather Group LLC. increased its holdings in Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company’s stock worth $74,000 after purchasing an additional 98 shares during the period. Finally, AlphaQuest LLC boosted its position in shares of Builders FirstSource by 5,227.3% during the 4th quarter. AlphaQuest LLC now owns 586 shares of the company’s stock worth $84,000 after acquiring an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

In other news, Director Dirkson R. Charles acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $109.67 per share, with a total value of $548,350.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at approximately $548,350. This trade represents 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 acquired 283,517 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the purchase, the director directly owned 1,672,687 shares in the company, valued at $186,019,521.27. This represents a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 505,000 shares of company stock valued at $56,032,120 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BLDR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Builders FirstSource in a research report on Tuesday, April 1st. They set a “buy” rating and a $151.00 price objective for the company. Barclays decreased their target price on Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $132.00 target price on shares of Builders FirstSource in a research report on Thursday, May 15th. Loop Capital decreased their target price on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus decreased their target price on Builders FirstSource from $125.00 to $118.00 and set a “hold” rating for the company in a research report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $159.42.

Builders FirstSource Stock Up 0.1%

BLDR opened at $126.00 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07. The business has a 50 day simple moving average of $116.90 and a 200-day simple moving average of $130.28. The stock has a market capitalization of $13.92 billion, a P/E ratio of 16.15, a P/E/G ratio of 8.22 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.

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, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the business posted $2.65 EPS. Builders FirstSource’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities analysts anticipate 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 repurchase plan on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is 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.