Qsemble Capital Management LP Buys 9,394 Shares of Builders FirstSource, Inc. $BLDR

Qsemble Capital Management LP lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 44.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,663 shares of the company’s stock after acquiring an additional 9,394 shares during the period. Qsemble Capital Management LP’s holdings in Builders FirstSource were worth $3,155,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BLDR. Candriam S.C.A. raised its stake in Builders FirstSource by 28.9% during the third quarter. Candriam S.C.A. now owns 53,085 shares of the company’s stock valued at $6,437,000 after buying an additional 11,891 shares during the last quarter. Schwartz Investment Counsel Inc. raised its position in Builders FirstSource by 17.1% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock worth $9,857,000 after buying an additional 14,000 shares during the last quarter. Strs Ohio raised its holdings in shares of Builders FirstSource by 24.0% during the third quarter. Strs Ohio now owns 118,594 shares of the company’s stock valued at $14,380,000 after purchasing an additional 22,926 shares during the last quarter. Eagle Global Advisors LLC raised its stake in Builders FirstSource by 46.3% during the 4th quarter. Eagle Global Advisors LLC now owns 60,242 shares of the company’s stock valued at $6,198,000 after buying an additional 19,062 shares during the last quarter. Finally, Fieldview Capital Management LLC bought a new position in Builders FirstSource in the third quarter valued at about $2,944,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

NYSE:BLDR opened at $70.24 on Friday. The business’s 50-day simple moving average is $84.10 and its two-hundred day simple moving average is $101.84. Builders FirstSource, Inc. has a 52 week low of $69.86 and a 52 week high of $151.03. The stock has a market cap of $7.55 billion, a PE ratio of 26.91, a P/E/G ratio of 1.69 and a beta of 1.49. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the company earned $1.51 EPS. The business’s revenue was down 10.1% on a year-over-year basis. As a group, analysts forecast that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

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

Insider Buying and Selling

In other Builders FirstSource news, Director Paul S. Levy purchased 50,000 shares of the company’s stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the purchase, the director directly owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This trade represents a 2.98% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Oppenheimer set a $121.00 price target on shares of Builders FirstSource in a research report on Friday, May 1st. Loop Capital lowered their price objective on Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. The Goldman Sachs Group cut their price objective on Builders FirstSource from $110.00 to $101.00 in a research note on Friday, May 1st. Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, UBS Group decreased their target price on shares of Builders FirstSource from $143.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average target price of $101.88.

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.