Builders FirstSource, Inc. $BLDR Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 12.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,967,744 shares of the company’s stock after purchasing an additional 325,935 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Builders FirstSource were worth $244,301,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BLDR. 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 worth $25,000 after acquiring an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares during the last quarter. Root Financial Partners LLC increased its position in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at $38,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at $38,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of BLDR opened at $70.53 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. Builders FirstSource, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03. The stock has a market cap of $7.59 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42. The firm has a fifty day moving average price of $77.06 and a 200 day moving average price of $91.47.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data 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 firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the business posted $1.51 EPS. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 4.29 EPS for the current year.

Builders FirstSource declared that its board has initiated a share repurchase program on Thursday, April 30th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BLDR. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. Truist Financial cut their price target on Builders FirstSource from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Barclays decreased their price target on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Robert W. Baird dropped their price objective on Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. Finally, The Goldman Sachs Group cut their target price on Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $100.35.

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.