Builders FirstSource, Inc. $BLDR Shares Bought by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,872,708 shares of the company’s stock after buying an additional 221,641 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Builders FirstSource were worth $192,683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted 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 worth $26,000 after buying an additional 132 shares during the last quarter. Cromwell Holdings LLC boosted its stake in Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after buying an additional 225 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Builders FirstSource in the third quarter valued at $34,000. CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource in the second quarter valued at $38,000. Finally, MUFG Securities EMEA plc purchased a new stake in Builders FirstSource in the second quarter valued at $38,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR stock opened at $73.91 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $7.95 billion, a PE ratio of 28.32, a P/E/G ratio of 1.71 and a beta of 1.49. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. The business’s fifty day moving average price is $82.19 and its 200 day moving average price is $100.41.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.12). The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. Builders FirstSource’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.51 EPS. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource announced that its Board of Directors has authorized a stock buyback program on Thursday, April 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, Director Paul S. Levy acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the acquisition, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank Of Canada reduced their target price on Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Loop Capital reduced their target price on Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. Truist Financial reduced their target price on Builders FirstSource from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reduced their target price on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Finally, KeyCorp reduced their target price on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $101.88.

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.