GSA Capital Partners LLP Boosts Holdings in Builders FirstSource, Inc. $BLDR

GSA Capital Partners LLP increased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 224.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,120 shares of the company’s stock after acquiring an additional 8,380 shares during the quarter. GSA Capital Partners LLP’s holdings in Builders FirstSource were worth $1,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Daiwa Securities Group Inc. boosted its holdings in shares of Builders FirstSource by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after buying an additional 78 shares during the last quarter. Aprio Wealth Management LLC boosted its holdings in shares of Builders FirstSource by 2.7% in the third quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock worth $446,000 after buying an additional 98 shares during the last quarter. Ramirez Asset Management Inc. boosted its holdings in shares of Builders FirstSource by 25.0% in the third quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock worth $61,000 after buying an additional 100 shares during the last quarter. IMA Advisory Services Inc. boosted its holdings in shares of Builders FirstSource by 40.9% in the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after buying an additional 103 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in shares of Builders FirstSource by 3.9% in the third quarter. Stephens Inc. AR now owns 3,149 shares of the company’s stock worth $382,000 after buying an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

BLDR has been the topic of a number of research reports. Zacks Research downgraded shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Barclays dropped their price objective on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. UBS Group dropped their price objective on shares of Builders FirstSource from $143.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, May 1st. BMO Capital Markets lowered their price target on shares of Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating on the stock in a report on Monday, May 4th. Finally, Weiss Ratings downgraded shares of Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and an average target price of $101.88.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $71.21 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. Builders FirstSource, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03. The company has a market capitalization of $7.66 billion, a P/E ratio of 27.28, a P/E/G ratio of 1.59 and a beta of 1.49. The firm’s 50 day simple moving average is $82.58 and its two-hundred day simple moving average is $100.71.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.12). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the firm earned $1.51 EPS. Builders FirstSource’s revenue for the quarter was down 10.1% compared to the same quarter last year. Research analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource announced that its board has initiated a stock repurchase plan on Thursday, April 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, Director Paul S. Levy acquired 50,000 shares of Builders FirstSource stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the transaction, the director directly owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This represents a 2.98% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by insiders.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.