Verition Fund Management LLC Boosts Stock Position in Builders FirstSource, Inc. $BLDR

Verition Fund Management LLC lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 65.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,367 shares of the company’s stock after purchasing an additional 78,662 shares during the period. Verition Fund Management LLC owned 0.18% of Builders FirstSource worth $20,513,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 purchasing an additional 132 shares during the period. Cromwell Holdings LLC boosted its holdings in shares of 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 purchasing an additional 225 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource during the second quarter worth about $38,000. MUFG Securities EMEA plc purchased a new stake in shares of Builders FirstSource during the second quarter worth about $38,000. Finally, Transamerica Financial Advisors LLC boosted its holdings in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on BLDR shares. Robert W. Baird dropped their target price on shares of Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. KeyCorp dropped their target price on shares of Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 1st. DA Davidson lowered their price objective on shares of Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Raymond James Financial lowered their price objective on shares of Builders FirstSource from $140.00 to $100.00 in a report on Friday, May 1st. Finally, Wolfe Research upgraded shares of Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $101.88.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $77.65 on Tuesday. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The company has a 50 day simple moving average of $79.25 and a two-hundred day simple moving average of $96.95. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 1.86 and a beta of 1.45. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76.

Builders FirstSource (NYSE:BLDR) last announced 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 net margin of 1.97% and a return on equity of 14.89%. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business posted $1.51 EPS. Builders FirstSource’s revenue for the quarter was down 10.1% on a year-over-year basis. Analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback plan on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 5.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Builders FirstSource 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.