OP Asset Management Ltd Makes New $1.72 Million Investment in Builders FirstSource, Inc. $BLDR

OP Asset Management Ltd purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 20,830 shares of the company’s stock, valued at approximately $1,715,000.

Several other institutional investors also recently made changes to their positions in the stock. Cromwell Holdings LLC raised its position in shares of Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after buying an additional 225 shares during the period. Caitong International Asset Management Co. Ltd grew its position in 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 during the period. Transamerica Financial Advisors LLC increased its stake in Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after acquiring an additional 175 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource during the second quarter worth about $38,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Builders FirstSource in the 2nd quarter worth about $38,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 0.2%

NYSE BLDR opened at $89.32 on Monday. The stock has a market cap of $9.61 billion, a PE ratio of 34.22, a P/E/G ratio of 2.14 and a beta of 1.45. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The business has a 50 day moving average price of $78.85 and a two-hundred day moving average price of $95.04. 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 posted its quarterly earnings data on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the prior year, the business earned $1.51 EPS. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a stock repurchase plan on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BLDR. Oppenheimer set a $121.00 target price on Builders FirstSource in a report on Friday, May 1st. Bank of America cut their price target on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Barclays reduced their price target on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Loop Capital dropped their price objective on shares of Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. Finally, DA Davidson reduced their target price on shares of Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.88.

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.