Axa S.A. Boosts Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Axa S.A. grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,478 shares of the company’s stock after buying an additional 1,562 shares during the quarter. Axa S.A.’s holdings in Builders FirstSource were worth $7,125,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BLDR. Alpha DNA Investment Management LLC boosted its stake in Builders FirstSource by 30.4% during the 2nd quarter. Alpha DNA Investment Management LLC now owns 2,259 shares of the company’s stock valued at $313,000 after acquiring an additional 526 shares during the last quarter. Sfmg LLC lifted its position in shares of Builders FirstSource by 11.6% during the second quarter. Sfmg LLC now owns 4,994 shares of the company’s stock worth $691,000 after purchasing an additional 520 shares during the last quarter. Aristeia Capital L.L.C. acquired a new position in Builders FirstSource in the second quarter worth about $639,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Builders FirstSource by 58.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,356 shares of the company’s stock valued at $3,233,000 after buying an additional 8,628 shares during the last quarter. Finally, Gateway Advisory LLC acquired a new stake in Builders FirstSource during the second quarter valued at approximately $443,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $194.25 on Friday. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70. The company has a market cap of $23.71 billion, a PE ratio of 16.63, a P/E/G ratio of 11.56 and a beta of 2.06. The stock has a 50 day simple moving average of $171.17 and a 200-day simple moving average of $170.84. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88.

Builders FirstSource (NYSE:BLDR) last announced its quarterly 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 analyst estimates of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.89 EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.68 EPS for the current year.

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

Analysts Set New Price Targets

Several research analysts have recently commented on BLDR shares. B. Riley decreased their target price on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Zelman & Associates reiterated a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Baird R W raised shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $185.00 price target (down from $205.00) on shares of Builders FirstSource in a report on Friday, August 9th. Finally, StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

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.