GSA Capital Partners LLP Boosts Holdings in Builders FirstSource, Inc. $BLDR

GSA Capital Partners LLP lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 224.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,120 shares of the company’s stock after purchasing an additional 8,380 shares during the period. GSA Capital Partners LLP’s holdings in Builders FirstSource were worth $1,247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BLDR. Capital International Investors purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth about $429,640,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Builders FirstSource by 99,084.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after purchasing an additional 2,239,301 shares during the period. Franklin Resources Inc. lifted its position in shares of Builders FirstSource by 2,498.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock worth $224,861,000 after purchasing an additional 1,783,164 shares during the period. Sands Capital Management LLC lifted its position in shares of Builders FirstSource by 139.1% in the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after purchasing an additional 1,414,129 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Builders FirstSource by 235.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock worth $229,585,000 after purchasing an additional 1,328,363 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 7.3%

NYSE:BLDR opened at $71.21 on Thursday. The firm has a market cap of $7.66 billion, a P/E ratio of 27.28, a P/E/G ratio of 1.59 and a beta of 1.49. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The firm has a 50-day simple moving average of $82.58 and a two-hundred day simple moving average of $100.71.

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

Builders FirstSource announced that its Board of Directors has initiated a share repurchase plan on Thursday, April 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

BLDR has been the subject of several research analyst reports. Robert W. Baird dropped their target price on shares of Builders FirstSource from $125.00 to $95.00 in a research report on Friday, May 1st. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a research note on Monday, March 16th. Truist Financial decreased their price target on shares of Builders FirstSource from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Loop Capital decreased their price target on shares of Builders FirstSource from $140.00 to $110.00 in a research note on Friday, May 1st. Finally, Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Hold” and an average target price of $101.88.

Insider Activity

In related news, Director Paul S. Levy purchased 50,000 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the acquisition, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. The trade was a 2.98% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by insiders.

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.