Wasatch Advisors LP Purchases 8,087 Shares of Builders FirstSource, Inc. $BLDR

Wasatch Advisors LP lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 82.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,905 shares of the company’s stock after purchasing an additional 8,087 shares during the quarter. Wasatch Advisors LP’s holdings in Builders FirstSource were worth $1,474,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Schwartz Investment Counsel Inc. boosted its stake in shares of Builders FirstSource by 17.1% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock valued at $9,857,000 after purchasing an additional 14,000 shares in the last quarter. Eagle Global Advisors LLC lifted its stake in Builders FirstSource by 46.3% in the fourth quarter. Eagle Global Advisors LLC now owns 60,242 shares of the company’s stock worth $6,198,000 after purchasing an additional 19,062 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in Builders FirstSource by 13.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,872,708 shares of the company’s stock valued at $192,683,000 after buying an additional 221,641 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Builders FirstSource by 10.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock valued at $24,993,000 after buying an additional 22,270 shares during the period. Finally, Rafferty Asset Management LLC grew its stake in shares of Builders FirstSource by 99.2% during the third quarter. Rafferty Asset Management LLC now owns 97,422 shares of the company’s stock valued at $11,812,000 after buying an additional 48,507 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BLDR shares. Bank of America lowered their target price on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Loop Capital decreased their price target on Builders FirstSource from $140.00 to $110.00 in a research note on Friday, May 1st. 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. UBS Group dropped their price objective on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Benchmark cut their target price on shares of Builders FirstSource from $138.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $101.88.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $89.32 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. The company has a market cap of $9.61 billion, a PE ratio of 34.22, a P/E/G ratio of 2.14 and a beta of 1.44. The business has a 50 day moving average of $78.85 and a 200 day moving average of $95.13. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The business’s revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.51 EPS. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has authorized a share repurchase plan on Thursday, April 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management 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.