Vise Technologies Inc. Takes Position in Builders FirstSource, Inc. $BLDR

Vise Technologies Inc. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, Holdings Channel reports. The firm purchased 21,433 shares of the company’s stock, valued at approximately $1,918,000.

Several other institutional investors also recently modified their holdings of BLDR. 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 in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after buying an additional 300 shares in the last quarter. Root Financial Partners LLC raised its position in Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in Builders FirstSource by 90.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after buying an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Builders FirstSource during the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BLDR. Stephens dropped their price objective on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, April 27th. Barclays reduced their price target on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Oppenheimer lowered their target price on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company dropped their price target on Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Finally, Jefferies Financial Group decreased their target price on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $90.35.

Builders FirstSource Price Performance

NYSE:BLDR opened at $70.02 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average price is $75.97 and its two-hundred day moving average price is $84.59. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 76.95, a P/E/G ratio of 2.28 and a beta of 1.44. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business earned $2.38 earnings per share. The business’s quarterly revenue was down 8.8% on a year-over-year basis. On average, analysts anticipate that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Builders FirstSource declared that its board has approved a stock repurchase plan on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Builders FirstSource Company 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.