100,211 Shares in Builders FirstSource, Inc. $BLDR Bought by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, HoldingsChannel reports. The firm bought 100,211 shares of the company’s stock, valued at approximately $8,967,000.

Several other institutional investors and hedge funds also recently modified their holdings of BLDR. Caitong International Asset Management Co. Ltd raised its holdings in shares of Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 132 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the last quarter. Root Financial Partners LLC increased its position in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares in the last quarter. Transamerica Financial Advisors LLC increased its position in Builders FirstSource by 90.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource during the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of analyst reports. KeyCorp cut their price objective 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. Citigroup began coverage on shares of Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating on the stock. Royal Bank Of Canada cut their price target on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Wells Fargo & Company reduced their price target on Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Finally, Barclays decreased their price objective on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $90.35.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $68.70 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 75.49, a price-to-earnings-growth ratio of 2.25 and a beta of 1.44. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The company has a 50 day moving average price of $75.49 and a 200 day moving average price of $83.30.

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

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

About Builders FirstSource

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.