Builders FirstSource, Inc. $BLDR Stock Position Increased by Littlejohn & Co. LLC

Littlejohn & Co. LLC increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 154.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 170,671 shares of the company’s stock after buying an additional 103,671 shares during the period. Builders FirstSource accounts for about 9.1% of Littlejohn & Co. LLC’s holdings, making the stock its 5th largest holding. Littlejohn & Co. LLC’s holdings in Builders FirstSource were worth $17,560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital International Investors purchased a new stake in Builders FirstSource during the 3rd quarter valued at $429,640,000. Northwestern Mutual Wealth Management Co. boosted its stake in Builders FirstSource by 99,084.1% during the 4th 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 during the last quarter. Franklin Resources Inc. boosted its stake in Builders FirstSource by 2,498.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock valued at $224,861,000 after purchasing an additional 1,783,164 shares during the last quarter. Sands Capital Management LLC boosted its stake in Builders FirstSource by 139.1% during the 3rd 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 during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Builders FirstSource by 235.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock valued at $229,585,000 after purchasing an additional 1,328,363 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on BLDR shares. Wells Fargo & Company cut their target price on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Oppenheimer set a $121.00 target price on Builders FirstSource in a research note on Friday, May 1st. Stifel Nicolaus cut their target price on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating on the stock in a research note on Monday, March 16th. Stephens cut their target price on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, April 27th. Finally, Raymond James Financial cut their target price on Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $101.88.

Builders FirstSource Price Performance

NYSE BLDR opened at $73.57 on Friday. The business’s fifty day moving average price is $79.73 and its 200-day moving average price is $97.94. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 1.80 and a beta of 1.44. 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, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03.

Builders FirstSource (NYSE:BLDR) last released its quarterly 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). The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. Builders FirstSource’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.51 earnings per share. On average, equities analysts predict that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

Builders FirstSource declared that its board has authorized a stock repurchase plan on Thursday, April 30th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling 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 shares were purchased at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the acquisition, the director directly owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by insiders.

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.