Eurizon Capital SGR S.p.A. Makes New $1.29 Million Investment in Builders FirstSource, Inc. $BLDR

Eurizon Capital SGR S.p.A. bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,559 shares of the company’s stock, valued at approximately $1,292,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLDR. Capital International Investors purchased a new stake in Builders FirstSource in the third quarter worth $429,640,000. Northwestern Mutual Wealth Management Co. increased its stake in Builders FirstSource by 99,084.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after purchasing an additional 2,239,301 shares during the period. Franklin Resources Inc. increased its stake in Builders FirstSource by 2,498.8% in the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock worth $224,861,000 after purchasing an additional 1,783,164 shares during the period. Sands Capital Management LLC increased its stake in shares of Builders FirstSource by 139.1% during the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock valued at $294,747,000 after buying an additional 1,414,129 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Builders FirstSource by 235.1% during the third quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock valued at $229,585,000 after buying an additional 1,328,363 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Transactions at Builders FirstSource

In related news, Director Paul S. Levy bought 50,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were bought at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the purchase, the director directly owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

Builders FirstSource Price Performance

BLDR opened at $75.44 on Wednesday. The business’s 50-day moving average is $80.47 and its two-hundred day moving average is $98.74. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The firm has a market capitalization of $8.11 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.81 and a beta of 1.44.

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

Builders FirstSource declared that its board has initiated a stock repurchase plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

BLDR has been the topic of several research reports. Robert W. Baird cut their price target on Builders FirstSource from $125.00 to $95.00 in a research note on Friday, May 1st. Oppenheimer set a $121.00 price target on Builders FirstSource in a research note on Friday, May 1st. UBS Group cut their price target on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. KeyCorp cut their price target on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Finally, Loop Capital cut their price target on Builders FirstSource from $140.00 to $110.00 in a research note 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 company’s stock. According to data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and a consensus price target 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.