Builders FirstSource, Inc. (BLDR)

[Saving Grace]

In early May, Builders FirstSource (NYSE: BLDR) director Paul Levy bought 500,000 shares for $55.48 million. Dirkson Charles also bought 5,000 shares of BLDR for a cost of $109.67 each, for a total investment of $548,350. Fueling more upside, the company recently authorized a stock buyback for up to $500 million of common stock.

With recent earnings, the company’s EPS of 84 cents missed by 20 cents. However, revenue of $3.7 billion, down 4.9% year over year, did beat by $40 million.