Bessemer Group Inc. Purchases 214,391 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Bessemer Group Inc. lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 53.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 612,618 shares of the company’s stock after buying an additional 214,391 shares during the quarter. Bessemer Group Inc. owned about 0.54% of Builders FirstSource worth $76,541,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $34,000. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource during the 1st quarter worth approximately $40,000. CX Institutional bought a new stake in Builders FirstSource during the first quarter worth $45,000. Smartleaf Asset Management LLC raised its holdings in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after buying an additional 134 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Builders FirstSource in the fourth quarter valued at about $74,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several research reports. Raymond James Financial reissued an “outperform” rating and issued a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Barclays dropped their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. BMO Capital Markets reduced their price objective on shares of Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating on the stock in a research note on Monday, May 5th. Stephens decreased their price target on Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Finally, Loop Capital decreased their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.11.

Builders FirstSource Trading Down 2.3%

NYSE BLDR opened at $116.05 on Thursday. The company has a market cap of $12.82 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 7.57 and a beta of 1.69. The business has a 50 day moving average price of $113.71 and a 200-day moving average price of $133.53. 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.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.65 EPS. As a group, equities analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a stock repurchase program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Builders FirstSource news, Director Paul S. Levy bought 283,517 shares of Builders FirstSource stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost 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 approximately $186,019,521.27. The trade was a 20.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dirkson R. Charles acquired 5,000 shares of the business’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 transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $548,350. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 505,000 shares of company stock valued at $56,032,120 in the last three months. 2.00% of the stock is currently owned by insiders.

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.