United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes $7.08 Million Position in Builders FirstSource, Inc. $BLDR

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 68,839 shares of the company’s stock, valued at approximately $7,083,000.

A number of other large investors have also made changes to their positions in the stock. State Street Corp grew its position in shares of Builders FirstSource by 0.6% in the second quarter. State Street Corp now owns 5,026,553 shares of the company’s stock valued at $586,548,000 after purchasing an additional 29,443 shares in the last quarter. Capital International Investors purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $429,640,000. Geode Capital Management LLC grew its position in shares of Builders FirstSource by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after purchasing an additional 14,420 shares in the last quarter. Sands Capital Management LLC grew its position in shares of Builders FirstSource by 139.1% in the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock valued at $294,747,000 after purchasing an additional 1,414,129 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Builders FirstSource by 99,084.1% in 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 purchasing an additional 2,239,301 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Builders FirstSource

In other news, Director Paul S. Levy purchased 50,000 shares of the stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the transaction, the director directly owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This represents a 2.98% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BLDR shares. DA Davidson lowered their price objective on Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Loop Capital lowered their price objective on Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. UBS Group lowered their price objective on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Benchmark lowered their price objective on Builders FirstSource from $138.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, William Blair started coverage on Builders FirstSource in a research report on Thursday, February 26th. They issued an “outperform” rating for the company. Nine investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $101.88.

Builders FirstSource Trading Down 0.7%

BLDR opened at $76.20 on Friday. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03. The business has a fifty day simple moving average of $80.64 and a 200-day simple moving average of $99.01. The firm has a market cap of $8.20 billion, a P/E ratio of 29.20, a P/E/G ratio of 1.84 and a beta of 1.49. 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 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 return on equity of 14.89% and a net margin of 1.97%.The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the prior year, the business earned $1.51 earnings per share. The company’s quarterly revenue was down 10.1% on a year-over-year basis. On average, equities analysts expect that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

Builders FirstSource declared that its board has approved a stock 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 leadership believes its stock is undervalued.

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.