170,671 Shares in Builders FirstSource, Inc. $BLDR Acquired by Littlejohn & Co. LLC

Littlejohn & Co. LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 170,671 shares of the company’s stock, valued at approximately $15,271,641,000. Builders FirstSource comprises about 19.4% of Littlejohn & Co. LLC’s portfolio, making the stock its 2nd largest holding. Littlejohn & Co. LLC owned about 0.16% of Builders FirstSource at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BLDR. Caitong International Asset Management Co. Ltd lifted its stake in Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 132 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the period. Root Financial Partners LLC increased its position in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Builders FirstSource in the second quarter worth approximately $38,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Builders FirstSource during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE BLDR opened at $67.29 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 73.94, a price-to-earnings-growth ratio of 2.23 and a beta of 1.44. The company has a 50 day simple moving average of $75.22 and a 200-day simple moving average of $82.90. 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 data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.38 earnings per share. Equities research analysts predict that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

Several equities research analysts recently commented on BLDR shares. KeyCorp reduced their price target 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. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. DA Davidson set a $68.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Raymond James Financial reduced their target price on Builders FirstSource from $140.00 to $100.00 in a report on Friday, May 1st. Finally, Loop Capital decreased their target price on Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource 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.