GSA Capital Partners LLP Takes Position in Builders FirstSource, Inc. $BLDR

GSA Capital Partners LLP acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,636 shares of the company’s stock, valued at approximately $1,489,000.

A number of other institutional investors also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its position in Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares in the last quarter. Sunbelt Securities Inc. increased its position in Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after buying an additional 300 shares in the last quarter. Root Financial Partners LLC increased its position in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in shares of Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after buying an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Builders FirstSource in the second quarter worth about $38,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

BLDR stock opened at $72.52 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The company’s fifty day moving average price is $76.59 and its 200-day moving average price is $85.98. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The company has a market capitalization of $7.80 billion, a PE ratio of 79.69, a price-to-earnings-growth ratio of 2.35 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last posted its earnings results 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 company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.38 earnings per share. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 3.15 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback plan on Thursday, April 30th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America lowered their price objective on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Benchmark reduced their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Wells Fargo & Company decreased their target price on shares of Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. UBS Group lowered their price target on shares of Builders FirstSource from $122.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Weiss Ratings lowered shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource 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.