Focus Partners Wealth Buys 686,803 Shares of Builders FirstSource, Inc. $BLDR

Focus Partners Wealth increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 11,746.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 692,650 shares of the company’s stock after acquiring an additional 686,803 shares during the quarter. Focus Partners Wealth’s holdings in Builders FirstSource were worth $71,270,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Cromwell Holdings LLC grew its stake in Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after purchasing an additional 225 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Builders FirstSource by 167.1% in the 3rd 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 during the period. Transamerica Financial Advisors LLC grew its stake in Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after purchasing an additional 175 shares during the period. CYBER HORNET ETFs LLC bought a new position in Builders FirstSource in the 2nd quarter valued at $38,000. Finally, MUFG Securities EMEA plc bought a new position in Builders FirstSource in the 2nd quarter valued at $38,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 0.1%

Shares of NYSE BLDR opened at $77.81 on Monday. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The business’s fifty day moving average price is $79.28 and its 200-day moving average price is $97.17. The stock has a market capitalization of $8.37 billion, a PE ratio of 29.81, a P/E/G ratio of 1.86 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last issued 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). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the company earned $1.51 EPS. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource declared that its Board of Directors has approved a share 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 reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have issued reports on BLDR shares. Jefferies Financial Group reduced their price objective on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Robert W. Baird reduced their price objective on Builders FirstSource from $125.00 to $95.00 in a research note on Friday, May 1st. Benchmark reduced their price objective on Builders FirstSource from $138.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 1st. William Blair assumed coverage on Builders FirstSource in a research note on Thursday, February 26th. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group lowered their price target on shares of Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. Nine research 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 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.