Diversified Investment Strategies LLC Acquires New Stake in Builders FirstSource, Inc. $BLDR

Diversified Investment Strategies LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 47,620 shares of the company’s stock, valued at approximately $3,921,000. Builders FirstSource comprises approximately 2.5% of Diversified Investment Strategies LLC’s investment portfolio, making the stock its 12th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westbourne Investment Advisors Inc. boosted its stake in shares of Builders FirstSource by 4.6% during the 1st quarter. Westbourne Investment Advisors Inc. now owns 52,466 shares of the company’s stock worth $4,320,000 after purchasing an additional 2,306 shares during the last quarter. Greatmark Investment Partners Inc. raised its position in shares of Builders FirstSource by 40.0% in the first quarter. Greatmark Investment Partners Inc. now owns 67,297 shares of the company’s stock valued at $5,541,000 after buying an additional 19,225 shares during the last quarter. Intrinsic Value Partners LLC lifted its stake in shares of Builders FirstSource by 67.6% during the first quarter. Intrinsic Value Partners LLC now owns 24,745 shares of the company’s stock valued at $2,037,000 after buying an additional 9,980 shares during the period. NBT Bank N A NY boosted its position in Builders FirstSource by 1,841.7% during the first quarter. NBT Bank N A NY now owns 2,000 shares of the company’s stock worth $165,000 after acquiring an additional 1,897 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its position in Builders FirstSource by 26.7% during the first quarter. V Square Quantitative Management LLC now owns 3,178 shares of the company’s stock worth $262,000 after acquiring an additional 670 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $75.75 on Friday. The company has a market capitalization of $8.15 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 1.77 and a beta of 1.42. The firm has a fifty day simple moving average of $77.52 and a 200-day simple moving average of $93.44. 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.

Builders FirstSource (NYSE:BLDR) last released its quarterly 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). The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The business’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the firm earned $1.51 EPS. Equities research analysts anticipate that Builders FirstSource, Inc. will post 4.32 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BLDR shares. Raymond James Financial cut their price target on Builders FirstSource from $140.00 to $100.00 in a report on Friday, May 1st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Loop Capital reduced their target price on Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. Royal Bank Of Canada lowered their price target on Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, Wolfe Research raised shares of Builders FirstSource to a “hold” rating in a research report on Thursday, May 14th. Eight equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.