Fiera Capital Corp Purchases 173,230 Shares of Builders FirstSource, Inc. $BLDR

Fiera Capital Corp increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 36.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 653,839 shares of the company’s stock after purchasing an additional 173,230 shares during the quarter. Fiera Capital Corp’s holdings in Builders FirstSource were worth $67,273,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BLDR. Integrated Wealth Concepts LLC increased its position in Builders FirstSource by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after purchasing an additional 295 shares in the last quarter. Woodline Partners LP increased its position in Builders FirstSource by 40.7% during the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,812 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Builders FirstSource by 180.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock worth $185,000 after purchasing an additional 1,017 shares in the last quarter. Baird Financial Group Inc. increased its position in Builders FirstSource by 230.7% during the 2nd quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after purchasing an additional 13,215 shares in the last quarter. Finally, Jump Financial LLC increased its position in Builders FirstSource by 144.1% during the 2nd quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock worth $843,000 after purchasing an additional 4,264 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 0.1%

Shares of NYSE BLDR opened at $73.57 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. Builders FirstSource, Inc. has a 52-week low of $65.10 and a 52-week high of $151.03. The firm has a 50 day moving average price of $79.73 and a two-hundred day moving average price of $97.93. The stock has a market cap of $7.91 billion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share (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 analyst estimates of $3.17 billion. During the same quarter last year, the company posted $1.51 earnings per share. The company’s revenue was down 10.1% compared to the same quarter last year. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource declared that its Board of Directors has initiated a stock buyback plan on Thursday, April 30th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy purchased 50,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, the director owned 1,727,191 shares in the company, valued at $151,526,466.43. The trade was a 2.98% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Raymond James Financial lowered their price objective on shares of Builders FirstSource from $140.00 to $100.00 in a research report on Friday, May 1st. Wolfe Research upgraded shares of Builders FirstSource to a “hold” rating in a research report on Thursday, May 14th. BMO Capital Markets lowered their price objective on shares of Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating for the company in a research report on Monday, May 4th. Barclays lowered their price objective on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Finally, Weiss Ratings cut shares of Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $101.88.

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.