Eschler Asset Management LLP Acquires New Position in Builders FirstSource, Inc. $BLDR

Eschler Asset Management LLP acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,660 shares of the company’s stock, valued at approximately $994,000. Builders FirstSource makes up about 0.7% of Eschler Asset Management LLP’s holdings, making the stock its 29th largest holding.

A number of other large investors also recently modified their holdings of the company. State Street Corp raised 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 valued at $525,574,000 after buying an additional 115,857 shares in the last quarter. Capital International Investors purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at about $429,640,000. Geode Capital Management LLC raised its holdings in shares of Builders FirstSource by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after buying an additional 14,420 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Builders FirstSource by 37.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,641,809 shares of the company’s stock valued at $271,816,000 after buying an additional 725,905 shares in the last quarter. Finally, Sands Capital Management LLC raised its holdings in shares of 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 buying an additional 1,414,129 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on BLDR. BMO Capital Markets decreased their price objective on Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating on the stock in a report on Monday, May 4th. Bank of America decreased their price objective on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Wells Fargo & Company decreased their price objective on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. William Blair assumed coverage on Builders FirstSource in a report on Thursday, February 26th. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada reduced their price target on Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.88.

Builders FirstSource Price Performance

BLDR opened at $77.81 on Friday. The stock’s 50 day simple moving average is $79.28 and its 200 day simple moving average is $97.19. 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. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 1.86 and a beta of 1.44.

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

Builders FirstSource declared that its board has initiated a stock repurchase program on Thursday, April 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are 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.