Builders FirstSource, Inc. $BLDR Shares Bought by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 67.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 24,745 shares of the company’s stock after acquiring an additional 9,980 shares during the period. Builders FirstSource makes up 1.6% of Intrinsic Value Partners LLC’s investment portfolio, making the stock its 19th largest holding. Intrinsic Value Partners LLC’s holdings in Builders FirstSource were worth $2,037,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cromwell Holdings LLC lifted its position in Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after purchasing an additional 225 shares during the period. Caitong International Asset Management Co. Ltd boosted 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 purchasing an additional 132 shares in the last quarter. Root Financial Partners LLC increased 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 worth $31,000 after purchasing an additional 113 shares during the period. Transamerica Financial Advisors LLC increased its position in Builders FirstSource by 90.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $84.61 on Monday. The firm has a market capitalization of $9.10 billion, a PE ratio of 32.42, a P/E/G ratio of 2.03 and a beta of 1.42. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03. The firm’s 50-day simple moving average is $78.64 and its 200 day simple moving average is $94.31. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, April 30th. The company reported $0.27 earnings per share 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 for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the business posted $1.51 earnings per share. The business’s revenue was down 10.1% compared to the same quarter last year. On average, equities research analysts predict that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a share repurchase program on Thursday, April 30th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BLDR. Barclays decreased their price target on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Raymond James Financial cut their price objective on Builders FirstSource from $140.00 to $100.00 in a research report on Friday, May 1st. Wolfe Research raised Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. DA Davidson decreased their target price on shares of Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Finally, BMO Capital Markets lowered their price target on shares of Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating on the stock in a research note on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.