KBC Group NV Has $3.81 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

KBC Group NV lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 80.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,503 shares of the company’s stock after selling 123,892 shares during the quarter. KBC Group NV’s holdings in Builders FirstSource were worth $3,811,000 as of its most recent SEC filing.

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

Builders FirstSource Stock Performance

Shares of BLDR opened at $127.80 on Thursday. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 8.08 and a beta of 1.69. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. The business’s 50 day moving average is $114.17 and its two-hundred day moving average is $131.79. 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 (NYSE:BLDR) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating 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 return on equity of 28.02% and a net margin of 5.66%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $2.65 earnings per share. Analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its board has authorized a stock buyback program on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have issued reports on BLDR. Stephens reduced their price objective 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. Barclays reduced their target price on shares of Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a research report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 price objective on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $132.00 price objective on shares of Builders FirstSource in a report on Thursday, May 15th. Finally, Wedbush decreased their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, June 20th. 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.11.

Insider Buying and Selling

In other news, Director Paul S. Levy bought 283,517 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average cost of $111.21 per share, for a total transaction of $31,529,925.57. Following the purchase, the director owned 1,672,687 shares of the company’s stock, valued at $186,019,521.27. This represents a 20.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dirkson R. Charles purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were acquired at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at approximately $548,350. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 505,000 shares of company stock worth $56,032,120 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

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.