Jupiter Topco LLC Makes New $73.94 Million Investment in Builders FirstSource, Inc. $BLDR

Jupiter Topco LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 826,290 shares of the company’s stock, valued at approximately $73,935,000. Jupiter Topco LLC owned approximately 0.77% of Builders FirstSource at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Builders FirstSource during the second quarter valued at $700,934,000. Schwartz Investment Counsel Inc. grew its stake in Builders FirstSource by 17.1% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock valued at $9,857,000 after purchasing an additional 14,000 shares in the last quarter. Fiera Capital Corp increased its position in Builders FirstSource by 36.0% in the 4th quarter. Fiera Capital Corp now owns 653,839 shares of the company’s stock worth $67,273,000 after purchasing an additional 173,230 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Builders FirstSource by 10.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock worth $24,993,000 after purchasing an additional 22,270 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Builders FirstSource by 13.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,872,708 shares of the company’s stock worth $192,683,000 after purchasing an additional 221,641 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $67.29 on Friday. The business’s 50-day simple moving average is $75.22 and its 200-day simple moving average is $82.90. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 73.94, a P/E/G ratio of 2.23 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.38 earnings per share. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has initiated a stock buyback program on Thursday, April 30th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

BLDR has been the subject of several research reports. Stifel Nicolaus reduced their price target on Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. Wolfe Research raised shares of Builders FirstSource to a “hold” rating in a research report on Thursday, May 14th. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. KeyCorp decreased their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Finally, Raymond James Financial dropped their price target on shares of Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and a consensus target price of $90.35.

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.