Union Square Park Capital Management LLC Takes $823,000 Position in Builders FirstSource, Inc. $BLDR

Union Square Park Capital Management LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the company’s stock, valued at approximately $823,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLDR. Northwestern Mutual Wealth Management Co. boosted its position in Builders FirstSource by 99,084.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after buying an additional 2,239,301 shares during the last quarter. Norges Bank purchased a new position in Builders FirstSource during the 4th quarter worth approximately $109,269,000. Boston Partners lifted its stake in Builders FirstSource by 73.0% during the 3rd quarter. Boston Partners now owns 1,852,292 shares of the company’s stock valued at $224,627,000 after acquiring an additional 781,506 shares during the period. Coliseum Capital Management LLC acquired a new stake in Builders FirstSource during the 4th quarter valued at approximately $80,321,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Builders FirstSource by 37.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,641,809 shares of the company’s stock valued at $271,816,000 after acquiring an additional 725,905 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on BLDR shares. Stifel Nicolaus cut their price objective on shares of Builders FirstSource from $76.00 to $70.00 and set a “hold” rating on the stock in a research note on Thursday. Loop Capital decreased their target price on shares of Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. Weiss Ratings lowered shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Oppenheimer cut their price target on Builders FirstSource from $121.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Wolfe Research upgraded Builders FirstSource to a “hold” rating in a research note on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $100.35.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $72.89 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. The business’s 50 day moving average is $77.11 and its two-hundred day moving average is $91.34. The company has a market capitalization of $7.84 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.74 and a beta of 1.42.

Builders FirstSource (NYSE:BLDR) last announced its 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 return on equity of 14.89% and a net margin of 1.97%.The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the company earned $1.51 earnings per share. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. Analysts expect that Builders FirstSource, Inc. will post 4.16 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a stock 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are 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.