Caisse de depot et placement du Quebec purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 598,900 shares of the company’s stock, valued at approximately $53,590,000. Caisse de depot et placement du Quebec owned approximately 0.56% of Builders FirstSource as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after buying an additional 132 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the last quarter. Transamerica Financial Advisors LLC grew its position in 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 acquiring an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Builders FirstSource in the second quarter worth about $38,000. Institutional investors own 95.53% of the company’s stock.
Builders FirstSource Stock Down 2.0%
Shares of NYSE BLDR opened at $67.29 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The company has a market cap of $7.24 billion, a P/E ratio of 73.94, a PEG ratio of 2.23 and a beta of 1.44. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03. The firm has a 50-day simple moving average of $75.22 and a two-hundred day simple moving average of $82.90.
Builders FirstSource announced that its board has authorized a share repurchase program on Thursday, April 30th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
Analysts Set New Price Targets
BLDR has been the topic of a number of recent research reports. KeyCorp decreased their price objective on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Stifel Nicolaus dropped their target price on Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. Wolfe Research raised Builders FirstSource to a “hold” rating in a research report on Thursday, May 14th. Barclays decreased their price target on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, Royal Bank Of Canada lowered their price target on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and a consensus target price of $90.35.
Read Our Latest Stock Report on Builders FirstSource
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.
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