Mutual of America Capital Management LLC Has $5.98 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Mutual of America Capital Management LLC boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 28.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 43,230 shares of the company’s stock after buying an additional 9,563 shares during the period. Mutual of America Capital Management LLC’s holdings in Builders FirstSource were worth $5,983,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new stake in shares of Builders FirstSource in the 1st quarter valued at $31,000. ORG Partners LLC bought a new position in Builders FirstSource during the 1st quarter valued at about $33,000. American Capital Advisory LLC acquired a new position in Builders FirstSource in the first quarter valued at about $34,000. Principal Securities Inc. bought a new stake in Builders FirstSource during the fourth quarter worth about $32,000. Finally, Innealta Capital LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth approximately $27,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Down 2.0 %

NYSE BLDR opened at $197.74 on Friday. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70. The stock has a 50-day simple moving average of $167.76 and a 200 day simple moving average of $171.06. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $24.14 billion, a PE ratio of 16.93, a P/E/G ratio of 10.06 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. Builders FirstSource’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the company posted $3.89 EPS. Research analysts forecast that Builders FirstSource, Inc. will post 11.65 EPS for the current year.

Builders FirstSource announced that its board has initiated a share repurchase program on Tuesday, August 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently commented on BLDR. Royal Bank of Canada decreased their price target on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Bank of America raised their target price on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research note on Thursday. Robert W. Baird upgraded shares of Builders FirstSource from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $185.00 to $190.00 in a research report on Wednesday, August 7th. Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Wedbush reiterated an “outperform” rating and set a $175.00 target price on shares of Builders FirstSource in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.00.

Insider Transactions at Builders FirstSource

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

About Builders FirstSource

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.