Wasatch Advisors LP Purchases 8,087 Shares of Builders FirstSource, Inc. $BLDR

Wasatch Advisors LP grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 82.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 17,905 shares of the company’s stock after acquiring an additional 8,087 shares during the period. Wasatch Advisors LP’s holdings in Builders FirstSource were worth $1,474,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Cromwell Holdings LLC lifted its stake in shares of Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after purchasing an additional 225 shares during the period. Caitong International Asset Management Co. Ltd grew 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 purchasing an additional 132 shares during the period. Transamerica Financial Advisors LLC grew its stake in Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares during the period. CYBER HORNET ETFs LLC bought a new position in Builders FirstSource in the second quarter worth $38,000. Finally, MUFG Securities EMEA plc bought a new position in Builders FirstSource in the second quarter worth $38,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.7%

Builders FirstSource stock opened at $89.32 on Friday. 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 $9.61 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.44. The business’s fifty day simple moving average is $78.85 and its two-hundred day simple moving average is $95.13. 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 (NYSE:BLDR) last issued 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). The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. Builders FirstSource’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 earnings per share. As a group, equities analysts predict 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 stock repurchase program on Thursday, April 30th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BLDR shares. Robert W. Baird dropped their target price on shares of Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. UBS Group decreased their price target on shares of Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Wolfe Research raised shares of Builders FirstSource to a “hold” rating in a research report on Thursday, May 14th. Royal Bank Of Canada dropped their price objective on shares of Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Finally, Stephens cut their price objective 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. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource has an average rating of “Hold” and a consensus target price 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.