Builders FirstSource, Inc. $BLDR Position Raised by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 5.1% in the fourth quarter, HoldingsChannel reports. The firm owned 224,514 shares of the company’s stock after acquiring an additional 10,953 shares during the period. AustralianSuper Pty Ltd’s holdings in Builders FirstSource were worth $23,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in Builders FirstSource by 26.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 77,881 shares of the company’s stock valued at $8,014,000 after purchasing an additional 16,398 shares during the period. Triton Wealth Management PLLC boosted its stake in Builders FirstSource by 17.3% during the 4th quarter. Triton Wealth Management PLLC now owns 4,018 shares of the company’s stock valued at $413,000 after purchasing an additional 592 shares during the period. Baader Bank Aktiengesellschaft bought a new position in Builders FirstSource in the 4th quarter worth approximately $450,000. Ameritas Advisory Services LLC grew its holdings in Builders FirstSource by 4,347.2% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,470 shares of the company’s stock worth $563,000 after buying an additional 5,347 shares in the last quarter. Finally, World Investment Advisors grew its holdings in Builders FirstSource by 73.7% in the 4th quarter. World Investment Advisors now owns 3,233 shares of the company’s stock worth $333,000 after buying an additional 1,372 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research lowered Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Wolfe Research raised Builders FirstSource to a “hold” rating in a report on Thursday. Weiss Ratings lowered Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Jefferies Financial Group lowered their price target on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Finally, KeyCorp lowered their price target on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Nine research 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. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and a consensus target price of $101.88.

Builders FirstSource Stock Performance

BLDR opened at $70.24 on Friday. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 1.76 and a beta of 1.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. Builders FirstSource, Inc. has a 1-year low of $69.86 and a 1-year high of $151.03. The business has a 50 day moving average price of $84.10 and a two-hundred day moving average price of $101.84.

Builders FirstSource (NYSE:BLDR) last released its earnings results 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). The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the company earned $1.51 earnings per share. Research analysts predict that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other news, Director Paul S. Levy bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the purchase, the director directly owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This represents a 2.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by corporate 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.