RIHO Partners LLC Buys 13,349 Shares of Builders FirstSource, Inc. $BLDR

RIHO Partners LLC boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 15.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,387 shares of the company’s stock after purchasing an additional 13,349 shares during the quarter. Builders FirstSource makes up approximately 5.1% of RIHO Partners LLC’s holdings, making the stock its 10th largest position. RIHO Partners LLC owned approximately 0.09% of Builders FirstSource worth $8,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its position in shares of Builders FirstSource by 9.3% during the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after acquiring an additional 295 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Builders FirstSource by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after acquiring an additional 2,812 shares during the period. EverSource Wealth Advisors LLC lifted its position in Builders FirstSource by 180.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock valued at $185,000 after purchasing an additional 1,017 shares during the last quarter. Baird Financial Group Inc. lifted its position in Builders FirstSource by 230.7% in the 2nd quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock valued at $2,210,000 after purchasing an additional 13,215 shares during the last quarter. Finally, Jump Financial LLC boosted its stake in Builders FirstSource by 144.1% during the 2nd quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after purchasing an additional 4,264 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. 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. Royal Bank Of Canada reduced their price objective on Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Stifel Nicolaus decreased their price objective on Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. Finally, Stephens lowered their target price on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, April 27th. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $99.97.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $73.64 on Wednesday. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.79 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. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The stock’s 50 day moving average price is $77.30 and its 200 day moving average price is $90.73.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The firm 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%. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.51 earnings per share. 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 of Directors has authorized a stock buyback plan on Thursday, April 30th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.