Schwartz Investment Counsel Inc. Purchases 47,800 Shares of Builders FirstSource, Inc. $BLDR

Schwartz Investment Counsel Inc. lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 49.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 143,600 shares of the company’s stock after purchasing an additional 47,800 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Builders FirstSource were worth $11,823,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares in the last quarter. Cromwell Holdings LLC boosted its holdings in Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Builders FirstSource during the second quarter worth $38,000. MUFG Securities EMEA plc bought a new position in Builders FirstSource in the second quarter valued at $38,000. Finally, Transamerica Financial Advisors LLC increased its stake in Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after buying an additional 175 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $73.51 on Tuesday. 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 stock has a market cap of $7.91 billion, a PE ratio of 28.17, a P/E/G ratio of 1.79 and a beta of 1.42. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. The business’s 50-day moving average price is $77.40 and its two-hundred day moving average price is $93.16.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates 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 for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.51 earnings per share. As a group, analysts expect that Builders FirstSource, Inc. will post 4.32 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wolfe Research upgraded Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Jefferies Financial Group dropped their target price on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, May 4th. UBS Group decreased their price target on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Bank of America lowered 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. Finally, The Goldman Sachs Group dropped their price objective on Builders FirstSource from $110.00 to $101.00 in a research note on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $101.45.

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.