Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 22.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 154,561 shares of the company’s stock after buying an additional 28,763 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Builders FirstSource were worth $21,393,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Innealta Capital LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $27,000. Westside Investment Management Inc. purchased a new stake in shares of Builders FirstSource during the first quarter worth approximately $31,000. Principal Securities Inc. acquired a new stake in shares of Builders FirstSource during the fourth quarter worth $32,000. ORG Partners LLC purchased a new position in Builders FirstSource in the 1st quarter valued at $33,000. Finally, American Capital Advisory LLC acquired a new position in Builders FirstSource in the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $183.30 on Friday. The firm has a market capitalization of $21.35 billion, a PE ratio of 15.69, a P/E/G ratio of 10.06 and a beta of 2.06. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70. The firm’s 50-day simple moving average is $162.36 and its 200 day simple moving average is $171.10. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.48. The company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.89 earnings per share. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.65 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a share repurchase program on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. B. Riley reduced their target price on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Stifel Nicolaus lowered their price objective on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Benchmark dropped their target price on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Barclays reduced their price target on Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Finally, Bank of America lowered Builders FirstSource from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $183.00 to $180.00 in a report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.57.

Insider Buying and Selling

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the sale, the director now owns 95,333 shares in the company, valued at approximately $14,650,775.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.80% of the company’s stock.

Builders FirstSource Company 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.