Builders FirstSource, Inc. $BLDR Shares Bought by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 40.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 67,297 shares of the company’s stock after buying an additional 19,225 shares during the period. Greatmark Investment Partners Inc.’s holdings in Builders FirstSource were worth $5,541,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Integrated Wealth Concepts LLC boosted its position in Builders FirstSource by 9.3% during the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after purchasing an additional 295 shares in the last quarter. Woodline Partners LP increased its position in shares of Builders FirstSource by 40.7% in the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after buying an additional 2,812 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Builders FirstSource by 180.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock valued at $185,000 after buying an additional 1,017 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Builders FirstSource by 230.7% during the 2nd quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after buying an additional 13,215 shares during the last quarter. Finally, Jump Financial LLC raised its stake in shares of Builders FirstSource by 144.1% during the 2nd quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock worth $843,000 after buying an additional 4,264 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $82.34 on Tuesday. The business’s 50-day moving average price is $78.48 and its 200 day moving average price is $94.17. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03. The company has a market capitalization of $8.86 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.42.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.27 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 business 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. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, research analysts predict that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a stock repurchase program on Thursday, April 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

BLDR has been the topic of several recent research reports. Barclays decreased their price objective 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. Zacks Research cut shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Benchmark cut their target price on shares of Builders FirstSource from $138.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Truist Financial reduced their price target on shares of Builders FirstSource from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, BMO Capital Markets lowered their price target on shares of Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating on the stock in a research report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average 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.