Fifth Third Bancorp Acquires 52,259 Shares of Builders FirstSource, Inc. $BLDR

Fifth Third Bancorp grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 2,974.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,016 shares of the company’s stock after purchasing an additional 52,259 shares during the quarter. Fifth Third Bancorp’s holdings in Builders FirstSource were worth $4,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cromwell Holdings LLC boosted its stake in shares of Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after purchasing an additional 225 shares in the last quarter. Caitong International Asset Management Co. Ltd raised 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 worth $26,000 after buying an additional 132 shares in the last quarter. Root Financial Partners LLC raised its stake in 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. Transamerica Financial Advisors LLC lifted its holdings in Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after buying an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource in the second quarter worth about $38,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 5.1%

Shares of Builders FirstSource stock opened at $74.23 on Friday. The company has a 50-day simple moving average of $77.24 and a two-hundred day simple moving average of $92.46. The stock has a market capitalization of $7.98 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.77 and a beta of 1.42. Builders FirstSource, Inc. has a 52-week low of $65.10 and a 52-week 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.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.51 EPS. On average, analysts anticipate that Builders FirstSource, Inc. will post 4.29 EPS for the current fiscal year.

Builders FirstSource announced that its board has approved a stock repurchase program on Thursday, April 30th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BLDR. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Oppenheimer set a $121.00 target price on Builders FirstSource in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Jefferies Financial Group reduced their price target on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Finally, Robert W. Baird decreased their price objective on Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $101.45.

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.