National Pension Service Raises Stock Holdings in Builders FirstSource, Inc. $BLDR

National Pension Service increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 70.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,760 shares of the company’s stock after acquiring an additional 8,570 shares during the period. National Pension Service’s holdings in Builders FirstSource were worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLDR. Capital International Investors purchased a new position in Builders FirstSource in the 3rd quarter worth $429,640,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Builders FirstSource by 99,084.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after buying an additional 2,239,301 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Builders FirstSource by 2,498.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock valued at $224,861,000 after buying an additional 1,783,164 shares during the last quarter. Sands Capital Management LLC raised its stake in shares of Builders FirstSource by 139.1% during the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock valued at $294,747,000 after buying an additional 1,414,129 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Builders FirstSource by 235.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock valued at $229,585,000 after buying an additional 1,328,363 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $75.71 on Tuesday. 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 business has a 50-day moving average price of $80.47 and a 200 day moving average price of $98.74. The firm has a market cap of $8.14 billion, a PE ratio of 29.01, a P/E/G ratio of 1.83 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last announced 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 business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the prior year, the firm earned $1.51 EPS. Builders FirstSource’s revenue for the quarter was down 10.1% on a year-over-year basis. Sell-side analysts predict that Builders FirstSource, Inc. will post 4.26 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the purchase, the director directly owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective 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. 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 note on Friday, May 1st. Truist Financial reduced their price objective on Builders FirstSource from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. UBS Group reduced their price objective on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Stifel Nicolaus reduced their price objective on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a research note on Monday, March 16th. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $101.88.

Builders FirstSource 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.