Jupiter Topco LLC Purchases Shares of 826,290 Builders FirstSource, Inc. $BLDR

Jupiter Topco LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 2nd quarter, Holdings Channel reports. The fund acquired 826,290 shares of the company’s stock, valued at approximately $73,935,000.

Several other hedge funds have also recently added to or reduced their stakes in BLDR. Caitong International Asset Management Co. Ltd grew its holdings 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 buying an additional 132 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the last quarter. Root Financial Partners LLC lifted its holdings 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 buying an additional 113 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after acquiring an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Builders FirstSource in the second quarter valued at approximately $38,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on BLDR. BMO Capital Markets reaffirmed a “market perform” rating and set a $80.00 target price on shares of Builders FirstSource in a research report on Thursday, August 6th. Royal Bank Of Canada reduced their price target 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. KeyCorp reduced their price target on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Citizens Jmp initiated coverage on shares of Builders FirstSource in a research report on Friday, August 21st. They issued a “market perform” rating on the stock. Finally, DA Davidson set a $68.00 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 assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $90.35.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $67.29 on Friday. The firm has a market capitalization of $7.24 billion, a PE ratio of 73.94, a PEG ratio of 2.23 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 1-year low of $65.10 and a 1-year high of $151.03. The business’s 50 day moving average is $75.22 and its 200-day moving average is $82.90.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, July 30th. The company reported $1.17 EPS 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 analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.38 earnings per share. Sell-side analysts predict that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has initiated 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 reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.