Crown Advisors Management Inc. Takes Position in Builders FirstSource, Inc. $BLDR

Crown Advisors Management Inc. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $895,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Daiwa Securities Group Inc. boosted its stake in Builders FirstSource by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after buying an additional 78 shares during the period. New Mexico Educational Retirement Board increased its stake in Builders FirstSource by 2.0% in the 4th quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock worth $525,000 after acquiring an additional 100 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of Builders FirstSource by 1.5% in the 4th quarter. Moors & Cabot Inc. now owns 7,388 shares of the company’s stock valued at $760,000 after acquiring an additional 109 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of 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 acquiring an additional 113 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Builders FirstSource by 5.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,272 shares of the company’s stock valued at $275,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $72.52 on Monday. The firm has a market capitalization of $7.80 billion, a PE ratio of 79.69, a price-to-earnings-growth 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, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The business’s 50-day moving average price is $76.59 and its 200-day moving average price is $85.98.

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

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BLDR shares. Weiss Ratings lowered Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Stephens lowered their target price on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, April 27th. The Goldman Sachs Group dropped their target price on shares of Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. Raymond James Financial cut their price target on shares of Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. Finally, Oppenheimer decreased their price target on shares of Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.