Littlejohn & Co. LLC Makes New Investment in Builders FirstSource, Inc. $BLDR

Littlejohn & Co. LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 170,671 shares of the company’s stock, valued at approximately $15,271,641,000. Builders FirstSource makes up 19.4% of Littlejohn & Co. LLC’s investment portfolio, making the stock its 2nd largest position.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at approximately $700,934,000. Northwestern Mutual Wealth Management Co. raised its position in Builders FirstSource by 99,084.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after acquiring an additional 2,239,301 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Builders FirstSource during the second quarter valued at approximately $134,908,000. Norges Bank acquired a new stake in Builders FirstSource in the fourth quarter valued at approximately $109,269,000. Finally, Bank of America Corp DE acquired a new stake in Builders FirstSource in the second quarter valued at approximately $83,832,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BLDR. Citizens Jmp began coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They set a “market perform” rating on the stock. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Jefferies Financial Group reduced their price objective on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, May 4th. KeyCorp decreased their price objective 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. Finally, Citigroup started coverage on shares of Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating on the stock. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource Stock Down 2.0%

Shares of Builders FirstSource stock opened at $67.29 on Friday. The stock has a market capitalization of $7.24 billion, a P/E ratio of 73.94, a PEG ratio of 2.23 and a beta of 1.44. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock has a 50 day moving average price of $75.22 and a two-hundred day moving average price of $82.90. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03.

Builders FirstSource (NYSE:BLDR) last released its quarterly 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). 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 during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the business earned $2.38 EPS. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. Equities analysts expect that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a stock repurchase program on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is 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.