Paul Levy Buys 50,000 Shares of Builders FirstSource (NYSE:BLDR) Stock

Builders FirstSource, Inc. (NYSE:BLDR) Director Paul Levy bought 50,000 shares of Builders FirstSource stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the transaction, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This trade represents a 2.98% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Builders FirstSource Price Performance

NYSE:BLDR opened at $90.66 on Wednesday. Builders FirstSource, Inc. has a 52 week low of $86.18 and a 52 week high of $151.03. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. The firm’s 50-day simple moving average is $112.05 and its 200 day simple moving average is $115.18. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 2.10 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the firm earned $2.31 EPS. The business’s revenue for the quarter was down 12.1% on a year-over-year basis. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on BLDR. Jefferies Financial Group dropped their price objective on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 23rd. BMO Capital Markets decreased their price target on Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating on the stock in a research report on Friday, February 20th. Stifel Nicolaus dropped their price target on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a research note on Monday. Barclays cut their price objective on shares of Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Finally, Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and a consensus target price of $126.65.

Institutional Trading of Builders FirstSource

A number of hedge funds have recently bought and sold shares of BLDR. State Street Corp lifted its holdings in shares of Builders FirstSource by 2.3% in the 4th quarter. State Street Corp now owns 5,108,120 shares of the company’s stock worth $525,574,000 after acquiring an additional 115,857 shares during the last quarter. Capital International Investors purchased a new position in Builders FirstSource in the 3rd quarter worth $429,640,000. Wellington Management Group LLP lifted its stake in Builders FirstSource by 2.3% in the fourth quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock worth $341,265,000 after purchasing an additional 73,835 shares during the last quarter. Geode Capital Management LLC boosted its position in Builders FirstSource by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after buying an additional 14,420 shares during the period. Finally, Sands Capital Management LLC grew its stake in shares of Builders FirstSource by 13.5% during the fourth quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock valued at $283,767,000 after buying an additional 327,067 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.