Kelleher Financial Advisors bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,443 shares of the company’s stock, valued at approximately $1,203,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in Builders FirstSource by 9.3% in the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after purchasing an additional 295 shares in the last quarter. Woodline Partners LP increased its stake in shares of Builders FirstSource by 40.7% in the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after buying an additional 2,812 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Builders FirstSource by 180.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock valued at $185,000 after buying an additional 1,017 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of Builders FirstSource by 230.7% in the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock valued at $2,210,000 after buying an additional 13,215 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Builders FirstSource by 144.1% in the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after buying an additional 4,264 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have commented on BLDR. Wells Fargo & Company decreased their price objective on shares of Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Raymond James Financial reduced their target price on shares of Builders FirstSource from $140.00 to $100.00 in a research report on Friday, May 1st. Oppenheimer decreased their price target on shares of Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Weiss Ratings lowered shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $90.35.
Builders FirstSource Price Performance
Shares of BLDR stock opened at $72.52 on Friday. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 79.69, a PEG ratio of 2.35 and a beta of 1.44. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average price of $76.59 and a 200 day moving average price of $86.21.
Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its quarterly earnings data 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). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the company earned $2.38 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. Research analysts expect that Builders FirstSource, Inc. will post 3.15 EPS for the current year.
Builders FirstSource declared that its Board of Directors has authorized a share buyback program on Thursday, April 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management 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.
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