JB Capital Partners LP Takes Position in Builders FirstSource, Inc. $BLDR

JB Capital Partners LP bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 292,265 shares of the company’s stock, valued at approximately $26,151,872,000. Builders FirstSource accounts for 4.0% of JB Capital Partners LP’s holdings, making the stock its 7th largest holding. JB Capital Partners LP owned about 0.27% of Builders FirstSource at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its position in shares of Builders FirstSource by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after purchasing an additional 78 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in Builders FirstSource by 2.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock worth $525,000 after purchasing an additional 100 shares in the last quarter. Moors & Cabot Inc. increased its holdings in Builders FirstSource by 1.5% during the 4th quarter. Moors & Cabot Inc. now owns 7,388 shares of the company’s stock worth $760,000 after purchasing an additional 109 shares during the period. Root Financial Partners LLC raised its position 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 in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Builders FirstSource by 5.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,272 shares of the company’s stock worth $275,000 after buying an additional 126 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

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

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

Builders FirstSource declared that its Board of Directors has authorized a share 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 repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently commented on BLDR. Citizens Jmp started coverage on Builders FirstSource in a research note on Friday. They set a “market perform” rating on the stock. Benchmark dropped their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Stephens reduced their price target on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, April 27th. Jefferies Financial Group lowered their price target 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. Finally, Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Hold” and a consensus price target 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.