AlphaCentric Advisors LLC Buys Shares of 10,000 Builders FirstSource, Inc. $BLDR

AlphaCentric Advisors LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $823,000. Builders FirstSource comprises 0.8% of AlphaCentric Advisors LLC’s portfolio, making the stock its 25th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in Builders FirstSource by 2.3% during the 4th quarter. State Street Corp now owns 5,108,120 shares of the company’s stock worth $525,574,000 after buying an additional 115,857 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Builders FirstSource by 2.3% during the 4th quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock worth $341,265,000 after acquiring an additional 73,835 shares in the last quarter. Geode Capital Management LLC raised its holdings in Builders FirstSource by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock worth $288,789,000 after purchasing an additional 14,420 shares in the last quarter. Sands Capital Management LLC lifted its position in Builders FirstSource by 13.5% in the fourth quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock valued at $283,767,000 after acquiring an additional 327,067 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Builders FirstSource by 37.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,641,809 shares of the company’s stock valued at $271,816,000 after purchasing an additional 725,905 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on BLDR. Wolfe Research raised shares of Builders FirstSource to a “hold” rating in a research report on Thursday, May 14th. Loop Capital reduced their target price on Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. Weiss Ratings upgraded Builders FirstSource from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Barclays dropped their price objective on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Finally, Stephens reduced their target price on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, April 27th. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.45.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $74.23 on Monday. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 1.77 and a beta of 1.42. 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’s fifty day moving average price is $77.24 and its 200 day moving average price is $92.38.

Builders FirstSource (NYSE:BLDR) last issued 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). 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 period in the prior year, the company posted $1.51 EPS. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, research analysts forecast that Builders FirstSource, Inc. will post 4.29 EPS for the current fiscal year.

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

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.