BI Asset Management Fondsmaeglerselskab A S Boosts Holdings in Builders FirstSource, Inc. $BLDR

BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 188.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,070 shares of the company’s stock after acquiring an additional 5,922 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Builders FirstSource were worth $747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BLDR. Daiwa Securities Group Inc. boosted its holdings 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 acquiring an additional 78 shares during the period. Aprio Wealth Management LLC grew its holdings in shares of Builders FirstSource by 2.7% in the third quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock worth $446,000 after purchasing an additional 98 shares during the last quarter. Ramirez Asset Management Inc. grew its holdings in shares of Builders FirstSource by 25.0% in the third quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock worth $61,000 after purchasing an additional 100 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in Builders FirstSource by 2.0% in the 4th 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 period. Finally, Moors & Cabot Inc. increased its stake in Builders FirstSource by 1.5% in the 4th quarter. Moors & Cabot Inc. now owns 7,388 shares of the company’s stock worth $760,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BLDR shares. BMO Capital Markets dropped their target price on shares of Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating on the stock in a research note on Monday, May 4th. Stephens decreased their price target on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, April 27th. Bank of America decreased their price target on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Zacks Research lowered Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company dropped their price objective on 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. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $101.88.

Builders FirstSource Trading Up 3.6%

NYSE:BLDR opened at $88.50 on Friday. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. 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 firm has a market cap of $9.52 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.05 and a beta of 1.44. The firm has a 50-day simple moving average of $78.76 and a 200-day simple moving average of $95.17.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.12). The business 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%.Builders FirstSource’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 EPS. Equities analysts anticipate 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 share buyback plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is 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.