Swiss National Bank Purchases 21,500 Shares of Builders FirstSource, Inc. $BLDR

Swiss National Bank increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,487 shares of the company’s stock after acquiring an additional 21,500 shares during the quarter. Swiss National Bank’s holdings in Builders FirstSource were worth $26,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. World Equity Group Inc. acquired a new stake in Builders FirstSource in the first quarter valued at approximately $272,000. Bessemer Group Inc. increased its position in shares of Builders FirstSource by 5.4% during the first quarter. Bessemer Group Inc. now owns 528,056 shares of the company’s stock worth $43,473,000 after purchasing an additional 27,037 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Builders FirstSource by 92.9% during the 1st quarter. Sanctuary Advisors LLC now owns 8,478 shares of the company’s stock valued at $698,000 after purchasing an additional 4,083 shares during the last quarter. Calamos Wealth Management LLC acquired a new stake in shares of Builders FirstSource in the 1st quarter worth $264,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Builders FirstSource in the 1st quarter worth $264,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $70.53 on Friday. The stock has a 50-day moving average of $77.06 and a two-hundred day moving average of $91.47. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The stock has a market cap of $7.59 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.69 and a beta of 1.42.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.12). The firm had revenue of $3.29 billion for 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%. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.51 EPS. As a group, research analysts predict that Builders FirstSource, Inc. will post 4.29 EPS for the current year.

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

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent analyst reports. DA Davidson set a $100.00 target price on Builders FirstSource in a research report on Thursday. The Goldman Sachs Group lowered their price target on Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. Oppenheimer dropped their price target on Builders FirstSource from $121.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday. Benchmark cut their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday. Finally, BMO Capital Markets lowered their target price on shares of Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating for the company in a research note on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and an average price target of $100.35.

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.