SummitTX Capital L.P. Invests $8.63 Million in Builders FirstSource, Inc. $BLDR

SummitTX Capital L.P. acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 1st quarter, Holdings Channel.com reports. The firm acquired 104,847 shares of the company’s stock, valued at approximately $8,632,000.

Several other institutional investors and hedge funds have also modified their holdings of BLDR. Cromwell Holdings LLC increased its stake in Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after buying an additional 132 shares during the period. Root Financial Partners LLC lifted its stake in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares in the last quarter. Transamerica Financial Advisors LLC lifted 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 valued at $38,000 after buying an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Builders FirstSource in the second quarter valued at approximately $38,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

NYSE BLDR opened at $72.89 on Monday. 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 12-month low of $65.10 and a 12-month high of $151.03. The company has a market capitalization of $7.84 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.79 and a beta of 1.42. The firm’s 50 day moving average is $77.11 and its 200-day moving average is $91.22.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data 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 return on equity of 14.89% and a net margin of 1.97%.The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the firm earned $1.51 EPS. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. Equities research analysts anticipate that Builders FirstSource, Inc. will post 4.16 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has approved a share buyback program on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

BLDR has been the subject of several research reports. Raymond James Financial lowered their price objective on shares of Builders FirstSource from $140.00 to $100.00 in a research report on Friday, May 1st. Truist Financial reduced their target price on shares of Builders FirstSource from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Loop Capital lowered their target price on Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. Royal Bank Of Canada dropped their price target on 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, KeyCorp cut their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $100.35.

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.