307,514 Shares in Builders FirstSource, Inc. $BLDR Acquired by Commerce Bank

Commerce Bank bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 307,514 shares of the company’s stock, valued at approximately $27,516,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its holdings in shares of Builders FirstSource by 9.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after purchasing an additional 295 shares in the last quarter. Woodline Partners LP raised its stake in Builders FirstSource by 40.7% in the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after buying an additional 2,812 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Builders FirstSource by 180.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock worth $185,000 after buying an additional 1,017 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in Builders FirstSource by 230.7% during the 2nd quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after buying an additional 13,215 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in Builders FirstSource by 144.1% during the 2nd quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock worth $843,000 after buying an additional 4,264 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $70.02 on Friday. The company has a fifty day moving average of $75.97 and a two-hundred day moving average of $84.59. The company has a market capitalization of $7.53 billion, a PE ratio of 76.95, a P/E/G ratio of 2.28 and a beta of 1.44. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

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

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

Analysts Set New Price Targets

BLDR has been the topic of a number of recent analyst reports. DA Davidson set a $68.00 price objective on Builders FirstSource in a report on Friday, July 31st. Zacks Research cut Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Citigroup began coverage on Builders FirstSource in a report on Friday. They issued a “market perform” rating for the company. Stephens dropped their price target on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, April 27th. Finally, Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.35.

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.