13,443 Shares in Builders FirstSource, Inc. $BLDR Purchased by Kelleher Financial Advisors

Kelleher Financial Advisors bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter, HoldingsChannel.com reports. The fund bought 13,443 shares of the company’s stock, valued at approximately $1,203,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its holdings in Builders FirstSource by 2.3% during the fourth quarter. State Street Corp now owns 5,108,120 shares of the company’s stock worth $525,574,000 after purchasing an additional 115,857 shares during the last quarter. Wellington Management Group LLP grew its position in Builders FirstSource by 2.3% in the fourth quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock valued at $341,265,000 after purchasing an additional 73,835 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after buying an additional 325,935 shares during the last quarter. Geode Capital Management LLC lifted its position in Builders FirstSource by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock worth $288,789,000 after buying an additional 14,420 shares in the last quarter. Finally, Sands Capital Management LLC boosted its stake in shares of Builders FirstSource by 13.5% during the 4th quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock worth $283,767,000 after buying an additional 327,067 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BLDR. Truist Financial decreased their price objective on Builders FirstSource from $115.00 to $90.00 and set a “buy” rating for the company in a report on Friday, July 31st. DA Davidson set a $68.00 target price on Builders FirstSource in a report on Friday, July 31st. Stifel Nicolaus reduced their price target on Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. Raymond James Financial decreased their price target on Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. Finally, Wells Fargo & Company lowered their price target on Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $90.35.

Builders FirstSource Stock Down 1.4%

Shares of BLDR stock opened at $72.52 on Friday. Builders FirstSource, Inc. has a 52-week low of $65.10 and a 52-week high of $151.03. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 79.69, a PEG ratio of 2.35 and a beta of 1.44. The firm’s 50-day moving average is $76.59 and its 200-day moving average is $86.21. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm earned $2.38 EPS. Builders FirstSource’s quarterly revenue was down 8.8% compared to the same quarter last year. Sell-side analysts predict that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Builders FirstSource declared that its board has approved a stock buyback plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.