Focus Partners Wealth Has $71.27 Million Holdings in Builders FirstSource, Inc. $BLDR

Focus Partners Wealth raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 11,746.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 692,650 shares of the company’s stock after buying an additional 686,803 shares during the quarter. Focus Partners Wealth owned 0.63% of Builders FirstSource worth $71,270,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 132 shares during the period. 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 valued at $25,000 after buying an additional 225 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Builders FirstSource in the second quarter valued at approximately $38,000. MUFG Securities EMEA plc acquired a new position in Builders FirstSource in the second quarter valued at approximately $38,000. Finally, Transamerica Financial Advisors LLC lifted its stake in Builders FirstSource by 90.2% in the fourth 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 period. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLDR has been the subject of several recent research reports. Royal Bank Of Canada decreased their price objective on Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Benchmark decreased their price objective on Builders FirstSource from $138.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 1st. Oppenheimer set a $121.00 price objective on Builders FirstSource in a report on Friday, May 1st. Raymond James Financial decreased their price objective on Builders FirstSource from $140.00 to $100.00 in a report on Friday, May 1st. Finally, Wells Fargo & Company decreased their price objective on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $101.88.

Builders FirstSource Trading Up 0.1%

NYSE BLDR opened at $77.81 on Monday. The business has a 50 day moving average price of $79.28 and a 200-day moving average price of $97.17. 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 $8.37 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 1.86 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.12). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the company posted $1.51 EPS. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, equities analysts expect that Builders FirstSource, Inc. will post 4.26 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a stock buyback program on Thursday, April 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are usually a sign 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.