9,660 Shares in Builders FirstSource, Inc. $BLDR Bought by Eschler Asset Management LLP

Eschler Asset Management LLP purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,660 shares of the company’s stock, valued at approximately $994,000. Builders FirstSource accounts for about 0.7% of Eschler Asset Management LLP’s portfolio, making the stock its 29th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 132 shares during the period. 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 period. CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource in the second quarter worth $38,000. MUFG Securities EMEA plc purchased a new stake in Builders FirstSource in the second quarter worth $38,000. Finally, IMA Advisory Services Inc. lifted its stake in Builders FirstSource by 40.9% in the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the subject of a number of research analyst reports. KeyCorp dropped their price target on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft dropped their price target on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Weiss Ratings lowered Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. The Goldman Sachs Group dropped their price target on Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. Finally, Wells Fargo & Company dropped their price target on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and a consensus price target of $101.88.

Builders FirstSource Trading Down 1.0%

NYSE BLDR opened at $77.81 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.76 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 firm has a market capitalization of $8.37 billion, a PE ratio of 29.81, a P/E/G ratio of 1.86 and a beta of 1.44. The stock’s 50 day moving average is $79.28 and its 200 day moving average is $97.19.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share 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 firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the firm earned $1.51 earnings per share. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. Research analysts forecast that Builders FirstSource, Inc. will post 4.26 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback plan on Thursday, April 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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.