Family Legacy Inc. Purchases 168 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Family Legacy Inc. lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,619 shares of the company’s stock after purchasing an additional 168 shares during the period. Family Legacy Inc.’s holdings in Builders FirstSource were worth $327,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. FMR LLC lifted its position in shares of Builders FirstSource by 7.3% during the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock valued at $1,557,703,000 after purchasing an additional 740,214 shares in the last quarter. Invesco Ltd. increased its holdings in Builders FirstSource by 1.2% during the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock worth $322,105,000 after buying an additional 26,314 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Builders FirstSource by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company’s stock worth $319,898,000 after buying an additional 77,666 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after buying an additional 623,583 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Builders FirstSource by 8.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company’s stock worth $225,637,000 after buying an additional 120,400 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Dirkson R. Charles bought 5,000 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was acquired at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $548,350. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul S. Levy bought 283,517 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the transaction, the director now owns 1,672,687 shares of the company’s stock, 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 bought 505,000 shares of company stock worth $56,032,120. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BLDR. BMO Capital Markets decreased their price objective on shares of Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating for the company in a report on Monday, May 5th. Raymond James Financial restated an “outperform” rating and set a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Loop Capital decreased their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a “buy” rating for the company in a report on Monday, April 14th. Stephens decreased their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Finally, Wedbush decreased their price objective on shares of Builders FirstSource from $190.00 to $145.00 and set an “outperform” rating for the company in a report on Friday. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price of $163.11.

Builders FirstSource Price Performance

BLDR opened at $119.31 on Tuesday. The firm has a 50-day moving average price of $113.64 and a 200-day moving average price 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. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 7.31 and a beta of 1.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the business earned $2.65 earnings per share. Builders FirstSource’s revenue was down 6.0% compared to the same quarter last year. Equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback plans are typically an indication 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.