Qsemble Capital Management LP Buys 9,394 Shares of Builders FirstSource, Inc. $BLDR

Qsemble Capital Management LP raised its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 44.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 30,663 shares of the company’s stock after purchasing an additional 9,394 shares during the quarter. Qsemble Capital Management LP’s holdings in Builders FirstSource were worth $3,155,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BLDR. Cromwell Holdings LLC increased its holdings in Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in Builders FirstSource in the 3rd quarter valued at $34,000. CYBER HORNET ETFs LLC bought a new stake in Builders FirstSource in the 2nd quarter valued at $38,000. Finally, MUFG Securities EMEA plc bought a new stake in Builders FirstSource in the 2nd quarter valued at $38,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BLDR. Wells Fargo & Company reduced their price target on shares of Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Benchmark reduced their price target on shares of Builders FirstSource from $138.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Truist Financial reduced their price target on shares of Builders FirstSource from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Zacks Research downgraded shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, Bank of America reduced their price target on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.88.

Insider Buying and Selling

In other news, Director Paul S. Levy purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost 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 approximately $151,526,466.43. This trade represents a 2.98% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.70% of the company’s stock.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $70.24 on Friday. The company’s 50-day moving average price is $84.10 and its 200-day moving average price is $101.84. Builders FirstSource, Inc. has a twelve month low of $69.86 and a twelve month high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. The company has a market cap of $7.55 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49.

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

Builders FirstSource declared that its Board of Directors has approved a stock repurchase plan on Thursday, April 30th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is 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.