South Dakota Investment Council Purchases 10,725 Shares of Builders FirstSource, Inc. $BLDR

South Dakota Investment Council boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 47.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,501 shares of the company’s stock after purchasing an additional 10,725 shares during the quarter. South Dakota Investment Council’s holdings in Builders FirstSource were worth $2,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cromwell Holdings LLC increased its position 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 acquiring an additional 225 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position 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 in the last quarter. Sunbelt Securities Inc. lifted its position in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Root Financial Partners LLC boosted its stake in Builders FirstSource by 43.6% during 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. Finally, MUFG Securities EMEA plc bought a new stake in Builders FirstSource during the 2nd quarter worth approximately $38,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank Of Canada lowered their price objective on Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Bank of America decreased their price target on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Wells Fargo & Company lowered their price target on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. Finally, Oppenheimer cut their price objective on shares of Builders FirstSource from $121.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $99.97.

Builders FirstSource News Summary

Here are the key news stories impacting Builders FirstSource this week:

• Positive Sentiment: An insider reportedly purchased 50,000 BLDR shares for approximately $4.4 million, potentially signaling confidence that the selloff has created value. Builders FirstSource Falls as Investors Weigh Weak Housing Signals and Earnings Risk

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $66.12 on Friday. The business’s fifty day simple moving average is $77.08 and its 200 day simple moving average is $90.01. The firm has a market capitalization of $7.11 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 1.67 and a beta of 1.42. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 EPS. As a group, analysts anticipate that Builders FirstSource, Inc. will post 4.16 EPS for the current year.

Builders FirstSource declared that its board has authorized a stock buyback plan on Thursday, April 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are typically an indication 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.