Builders FirstSource, Inc. $BLDR Shares Bought by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 67.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,745 shares of the company’s stock after purchasing an additional 9,980 shares during the quarter. Builders FirstSource makes up 1.6% of Intrinsic Value Partners LLC’s investment portfolio, making the stock its 19th largest position. Intrinsic Value Partners LLC’s holdings in Builders FirstSource were worth $2,037,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC raised its stake in Builders FirstSource by 9.3% in the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after buying an additional 295 shares in the last quarter. Woodline Partners LP lifted its holdings in Builders FirstSource by 40.7% during the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after buying an additional 2,812 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Builders FirstSource by 180.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock worth $185,000 after acquiring an additional 1,017 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Builders FirstSource by 230.7% during the 2nd quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after acquiring an additional 13,215 shares in the last quarter. Finally, Jump Financial LLC increased its holdings in shares of Builders FirstSource by 144.1% in the 2nd quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after acquiring an additional 4,264 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. BMO Capital Markets decreased their target price on Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating for the company in a research note on Monday, May 4th. Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $115.00 to $93.00 and set a “hold” rating on the stock in a research note on Monday, March 16th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Builders FirstSource from $102.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Barclays reduced their price objective on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Finally, Loop Capital lowered their target price on shares of Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $101.88.

Builders FirstSource Trading Down 0.1%

NYSE BLDR opened at $84.61 on Monday. The firm’s fifty day moving average is $78.64 and its two-hundred day moving average is $94.31. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The firm has a market cap of $9.10 billion, a PE ratio of 32.42, a P/E/G ratio of 2.03 and a beta of 1.42.

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

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

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.