Schwartz Investment Counsel Inc. Raises Stock Position in Builders FirstSource, Inc. $BLDR

Schwartz Investment Counsel Inc. lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 17.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,800 shares of the company’s stock after buying an additional 14,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Builders FirstSource were worth $9,857,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Daiwa Securities Group Inc. lifted its position in shares of Builders FirstSource by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after buying an additional 78 shares during the last quarter. Aprio Wealth Management LLC lifted its position in shares of Builders FirstSource by 2.7% during the 3rd quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock worth $446,000 after buying an additional 98 shares during the last quarter. Ramirez Asset Management Inc. lifted its position in shares of Builders FirstSource by 25.0% during the 3rd quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock worth $61,000 after buying an additional 100 shares during the last quarter. IMA Advisory Services Inc. lifted its position in shares of Builders FirstSource by 40.9% during the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after buying an additional 103 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in shares of Builders FirstSource by 3.9% during the 3rd quarter. Stephens Inc. AR now owns 3,149 shares of the company’s stock worth $382,000 after buying an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 2.8%

BLDR stock opened at $72.79 on Wednesday. The company has a fifty day moving average price of $85.64 and a 200 day moving average price of $102.78. Builders FirstSource, Inc. has a 12 month low of $72.10 and a 12 month high of $151.03. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.12). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the company earned $1.51 EPS. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. Sell-side analysts expect that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has initiated a stock 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 often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

BLDR has been the subject of several recent analyst reports. Loop Capital reduced their price objective on shares of Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. KeyCorp reduced their price target on shares of Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. William Blair initiated coverage on shares of Builders FirstSource in a research report on Thursday, February 26th. They issued an “outperform” rating for the company. Finally, UBS Group reduced their price target on shares of Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $101.88.

Insider Transactions at Builders FirstSource

In other news, Director Paul S. Levy acquired 50,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the purchase, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This represents a 2.98% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

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.