Union Square Park Capital Management LLC Makes New $823,000 Investment in Builders FirstSource, Inc. $BLDR

Union Square Park Capital Management LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $823,000.

Several other institutional investors have also recently made changes to their positions in the company. Cromwell Holdings LLC lifted its stake in Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after acquiring an additional 225 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares during the period. Root Financial Partners LLC increased its position in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the period. Transamerica Financial Advisors LLC raised its holdings in shares of 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 purchasing an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BLDR. Wells Fargo & Company dropped their price objective on shares of Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Benchmark reduced their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday. Robert W. Baird lowered their target price on Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. Oppenheimer dropped their target price on Builders FirstSource from $121.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group cut their price target on Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Hold” and an average target price of $100.35.

Builders FirstSource Stock Performance

BLDR opened at $72.89 on Friday. Builders FirstSource, Inc. has a 52-week low of $65.10 and a 52-week high of $151.03. 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 company has a market cap of $7.84 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 1.74 and a beta of 1.42. The firm’s 50-day moving average price is $77.11 and its 200-day moving average price is $91.34.

Builders FirstSource (NYSE:BLDR) last released its 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 company 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 firm’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the business earned $1.51 earnings per share. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 4.16 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized 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 purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are usually a sign 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.