Hauser Brothers GmbH Takes $11.53 Billion Position in Builders FirstSource, Inc. $BLDR

Hauser Brothers GmbH purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 128,900 shares of the company’s stock, valued at approximately $11,533,972,000. Builders FirstSource comprises about 13.9% of Hauser Brothers GmbH’s holdings, making the stock its 3rd largest holding. Hauser Brothers GmbH owned about 0.12% of Builders FirstSource at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Builders FirstSource during the second quarter worth about $700,934,000. Schwartz Investment Counsel Inc. increased its holdings 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 buying an additional 14,000 shares during the last quarter. Fiera Capital Corp increased its holdings in Builders FirstSource by 36.0% in the fourth quarter. Fiera Capital Corp now owns 653,839 shares of the company’s stock valued at $67,273,000 after buying an additional 173,230 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Builders FirstSource by 10.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock valued at $24,993,000 after buying an additional 22,270 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Builders FirstSource by 99,084.1% during 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 in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Down 2.0%

NYSE:BLDR opened at $67.29 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The stock has a 50 day moving average of $75.22 and a 200-day moving average of $82.90. The firm has a market capitalization of $7.24 billion, a PE ratio of 73.94, a price-to-earnings-growth ratio of 2.23 and a beta of 1.44. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) 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 the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the business posted $2.38 EPS. Analysts predict that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Builders FirstSource announced that its Board of Directors has authorized a stock buyback plan on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. Weiss Ratings lowered Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. KeyCorp reduced their price objective on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Finally, Loop Capital lowered their target price on shares of Builders FirstSource from $140.00 to $110.00 in a research note on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus price target 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.