26,865 Shares in Builders FirstSource, Inc. $BLDR Purchased by Pecaut & CO.

Pecaut & CO. acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 26,865 shares of the company’s stock, valued at approximately $2,404,000. Builders FirstSource makes up approximately 0.7% of Pecaut & CO.’s portfolio, making the stock its 21st largest holding.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of Builders FirstSource by 2.3% during the 4th quarter. State Street Corp now owns 5,108,120 shares of the company’s stock worth $525,574,000 after purchasing an additional 115,857 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Builders FirstSource by 2.3% in the fourth quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock valued at $341,265,000 after purchasing an additional 73,835 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing an additional 325,935 shares during the last quarter. Geode Capital Management LLC lifted its position in Builders FirstSource by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock worth $288,789,000 after buying an additional 14,420 shares in the last quarter. Finally, Sands Capital Management LLC lifted its position in Builders FirstSource by 13.5% during the fourth quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock worth $283,767,000 after buying an additional 327,067 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Down 1.4%

BLDR opened at $72.52 on Friday. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The stock has a market capitalization of $7.80 billion, a PE ratio of 79.69, a P/E/G ratio of 2.39 and a beta of 1.44. The business’s 50 day moving average price is $76.59 and its 200 day moving average price is $86.21. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The company’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.38 earnings per share. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Builders FirstSource announced that its Board of Directors has initiated a share repurchase program on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a report on Friday, July 31st. Truist Financial reduced their price target on Builders FirstSource from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Jefferies Financial Group lowered their price target on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. BMO Capital Markets reissued a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a report on Thursday, August 6th. Finally, Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $90.35.

About Builders FirstSource

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.