OP Asset Management Ltd Makes New $1.72 Million Investment in Builders FirstSource, Inc. $BLDR

OP Asset Management Ltd bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,830 shares of the company’s stock, valued at approximately $1,715,000.

A number of other hedge funds have also made changes to their positions in the stock. Integrated Wealth Concepts LLC boosted its stake in Builders FirstSource by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after acquiring an additional 295 shares during the last quarter. Woodline Partners LP increased its position in shares of Builders FirstSource by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,812 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Builders FirstSource by 180.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock valued at $185,000 after purchasing an additional 1,017 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Builders FirstSource by 230.7% during the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after purchasing an additional 13,215 shares during the last quarter. Finally, Jump Financial LLC lifted its position in shares of Builders FirstSource by 144.1% during the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock worth $843,000 after purchasing an additional 4,264 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $89.32 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average of $78.85 and a two-hundred day moving average of $95.04. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03. The company has a market cap of $9.61 billion, a P/E ratio of 34.22, a PEG ratio of 2.14 and a beta of 1.45.

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

Builders FirstSource announced that its Board of Directors has authorized a stock buyback program on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Benchmark lowered their price objective on Builders FirstSource from $138.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 1st. The Goldman Sachs Group reduced their target price on Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. UBS Group decreased their target price on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Stifel Nicolaus lowered their price target on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a report on Monday, March 16th. Finally, Bank of America dropped their price target on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $101.88.

About Builders FirstSource

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.