Atom Investors LP Buys 10,644 Shares of Builders FirstSource, Inc. $BLDR

Atom Investors LP grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 26.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,161 shares of the company’s stock after acquiring an additional 10,644 shares during the quarter. Atom Investors LP’s holdings in Builders FirstSource were worth $5,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cromwell Holdings LLC increased its holdings in shares of Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares in the last quarter. Transamerica Financial Advisors LLC increased its holdings in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after acquiring an additional 175 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Builders FirstSource in the 2nd quarter worth about $38,000. Finally, MUFG Securities EMEA plc bought a new stake in Builders FirstSource in the 2nd quarter worth about $38,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Up 1.1%

Shares of NYSE:BLDR opened at $78.69 on Wednesday. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 1.87 and a beta of 1.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The stock’s 50-day simple moving average is $79.24 and its two-hundred day simple moving average is $96.71. Builders FirstSource, Inc. has a 52-week low of $65.10 and a 52-week high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its 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). The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The company’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.51 earnings per share. Analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource declared that its board has authorized a share buyback 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 generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Jefferies Financial Group reduced their price objective on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a report on Monday, May 4th. DA Davidson reduced their price objective on Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Benchmark reduced 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. KeyCorp reduced their price objective on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Finally, Barclays reduced their price objective on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.88.

About Builders FirstSource

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.