State of Wyoming Takes $828,000 Position in Builders FirstSource, Inc. $BLDR

State of Wyoming bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,255 shares of the company’s stock, valued at approximately $828,000.

Several other hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Builders FirstSource by 167.1% in the third 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. boosted its stake in shares of Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the period. Root Financial Partners LLC grew its position in shares of Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Builders FirstSource during the second quarter worth about $38,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Builders FirstSource during the 2nd quarter valued at approximately $38,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $72.52 on Friday. The stock has a 50 day moving average of $76.59 and a 200 day moving average of $86.21. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The firm has a market cap of $7.80 billion, a PE ratio of 79.69, a PEG ratio of 2.35 and a beta of 1.44. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results 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). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the business earned $2.38 EPS. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, research analysts expect that Builders FirstSource, Inc. will post 3.15 EPS for the current fiscal year.

Builders FirstSource declared that its board has authorized a share repurchase plan on Thursday, April 30th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BLDR. The Goldman Sachs Group lowered their price target on Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. Royal Bank Of Canada cut their price objective on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a report on Friday, July 31st. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Finally, Raymond James Financial dropped their target price on shares of Builders FirstSource from $140.00 to $100.00 in a research report on Friday, May 1st. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $90.35.

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.