IPG Investment Advisors LLC Acquires 14,977 Shares of Builders FirstSource, Inc. $BLDR

IPG Investment Advisors LLC grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 42.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 50,060 shares of the company’s stock after purchasing an additional 14,977 shares during the period. Builders FirstSource comprises approximately 0.9% of IPG Investment Advisors LLC’s holdings, making the stock its 29th largest holding. IPG Investment Advisors LLC’s holdings in Builders FirstSource were worth $5,151,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. Capital International Investors bought a new stake in Builders FirstSource during the 3rd quarter worth about $429,640,000. Northwestern Mutual Wealth Management Co. lifted its position in Builders FirstSource by 99,084.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after buying an additional 2,239,301 shares in the last quarter. Franklin Resources Inc. lifted its position in Builders FirstSource by 2,498.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock worth $224,861,000 after buying an additional 1,783,164 shares in the last quarter. Sands Capital Management LLC lifted its position in Builders FirstSource by 139.1% during the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after buying an additional 1,414,129 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Builders FirstSource by 235.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock worth $229,585,000 after buying an additional 1,328,363 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on BLDR. Zacks Research cut shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Wells Fargo & Company cut their price target on shares of Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, May 1st. Stephens cut their price target on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, April 27th. Robert W. Baird dropped their target price on shares of Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. Finally, Bank of America dropped their target price on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.88.

Builders FirstSource Trading Up 3.9%

BLDR stock opened at $77.32 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The company has a fifty day moving average price of $81.13 and a two-hundred day moving average price of $99.41. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 1.78 and a beta of 1.49.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the firm earned $1.51 earnings per share. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. Equities analysts anticipate that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource declared that its board has authorized a stock buyback plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Paul S. Levy acquired 50,000 shares of Builders FirstSource stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the transaction, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. This trade represents a 2.98% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by company insiders.

Builders FirstSource 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.