Sone Capital Management LLC Takes Position in Builders FirstSource, Inc. $BLDR

Sone Capital Management LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,992 shares of the company’s stock, valued at approximately $1,163,000.

Several other hedge funds have also recently bought and sold shares of the business. Paradigm Capital Management Inc. NY acquired a new stake in Builders FirstSource during the 2nd quarter worth about $11,744,000. Algert Global LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at about $2,798,000. Sanctuary Advisors LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at about $847,000. Atlas FRM LLC purchased a new stake in shares of Builders FirstSource in the second quarter worth approximately $64,246,640,000. Finally, Welch Capital Partners LLC NY purchased a new stake in shares of Builders FirstSource in the second quarter worth approximately $1,459,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Oppenheimer lowered their price target on shares of Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research note on Friday, July 31st. Finally, Truist Financial cut their price objective on Builders FirstSource from $115.00 to $90.00 and set a “buy” rating for the company in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and a consensus target price of $90.35.

Builders FirstSource Stock Up 0.2%

Shares of BLDR stock opened at $70.37 on Tuesday. The stock’s 50 day simple moving average is $75.82 and its 200 day simple moving average is $84.04. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 77.33, a PEG ratio of 2.28 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the company earned $2.38 EPS. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, research analysts predict that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Builders FirstSource declared that its board has authorized a stock repurchase program on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board 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.