Lodge Hill Capital LLC Has $27.42 Million Stake in Builders FirstSource, Inc. $BLDR

Lodge Hill Capital LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 9.9% during the first quarter, HoldingsChannel reports. The fund owned 333,000 shares of the company’s stock after buying an additional 30,000 shares during the quarter. Builders FirstSource comprises about 4.0% of Lodge Hill Capital LLC’s portfolio, making the stock its 11th largest holding. Lodge Hill Capital LLC’s holdings in Builders FirstSource were worth $27,416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in shares of Builders FirstSource by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after purchasing an additional 78 shares in the last quarter. New Mexico Educational Retirement Board grew its holdings in shares of Builders FirstSource by 2.0% during the fourth quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock worth $525,000 after purchasing an additional 100 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Builders FirstSource by 1.5% in the fourth quarter. Moors & Cabot Inc. now owns 7,388 shares of the company’s stock valued at $760,000 after buying an additional 109 shares during the period. Root Financial Partners LLC increased its stake in shares of 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 during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in Builders FirstSource by 5.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,272 shares of the company’s stock valued at $275,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BLDR. Weiss Ratings downgraded shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. The Goldman Sachs Group dropped their price target on shares of Builders FirstSource from $110.00 to $101.00 in a research note on Friday, May 1st. Stephens cut their price target 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. Finally, Bank of America reduced their price objective on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Nine 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $99.97.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $67.69 on Thursday. The business’s 50 day simple moving average is $77.23 and its 200 day simple moving average is $90.42. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The stock has a market capitalization of $7.28 billion, a PE ratio of 25.93, a PEG ratio of 1.81 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 (NYSE:BLDR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 14.89% and a net margin of 1.97%.The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.51 EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 4.16 earnings per share for the current year.

Builders FirstSource declared that its board has initiated a stock repurchase plan on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership 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.