Edgestream Partners L.P. Grows Stake in Builders FirstSource, Inc. $BLDR

Edgestream Partners L.P. grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 484.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 21,277 shares of the company’s stock after acquiring an additional 17,639 shares during the period. Edgestream Partners L.P.’s holdings in Builders FirstSource were worth $1,752,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BLDR. Daiwa Securities Group Inc. grew its position in Builders FirstSource by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after purchasing an additional 78 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in Builders FirstSource by 2.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock worth $525,000 after buying an additional 100 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of Builders FirstSource by 1.5% in the fourth quarter. Moors & Cabot Inc. now owns 7,388 shares of the company’s stock worth $760,000 after buying an additional 109 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Builders FirstSource by 5.9% during the third quarter. CIBC Private Wealth Group LLC now owns 2,272 shares of the company’s stock valued at $275,000 after buying an additional 126 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Raymond James Financial lowered their price objective on Builders FirstSource from $140.00 to $100.00 in a research report on Friday, May 1st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Jefferies Financial Group decreased their price target on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, May 4th. 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 report on Friday. Finally, Stephens dropped their price objective on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, April 27th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $90.59.

Builders FirstSource Trading Up 9.0%

Builders FirstSource stock opened at $72.40 on Tuesday. 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 $7.79 billion, a P/E ratio of 79.56, a P/E/G ratio of 1.64 and a beta of 1.42. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The business has a 50-day simple moving average of $76.89 and a two-hundred day simple moving average of $89.23.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the business posted $2.38 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. Analysts predict that Builders FirstSource, Inc. will post 4.13 EPS for the current year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback plan on Thursday, April 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Builders FirstSource 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.