Eurizon Capital SGR S.p.A. Acquires New Position in Builders FirstSource, Inc. $BLDR

Eurizon Capital SGR S.p.A. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,559 shares of the company’s stock, valued at approximately $1,292,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schwartz Investment Counsel Inc. raised its position in shares of Builders FirstSource by 17.1% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock valued at $9,857,000 after purchasing an additional 14,000 shares during the last quarter. Candriam S.C.A. raised its position in shares of Builders FirstSource by 28.9% in the 3rd quarter. Candriam S.C.A. now owns 53,085 shares of the company’s stock valued at $6,437,000 after purchasing an additional 11,891 shares during the last quarter. Eagle Global Advisors LLC raised its position in shares of Builders FirstSource by 46.3% in the 4th quarter. Eagle Global Advisors LLC now owns 60,242 shares of the company’s stock valued at $6,198,000 after purchasing an additional 19,062 shares during the last quarter. Fieldview Capital Management LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $2,944,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Builders FirstSource by 10.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock valued at $24,993,000 after purchasing an additional 22,270 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Builders FirstSource

In related news, Director Paul S. Levy purchased 50,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the acquisition, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. The trade was a 2.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. KeyCorp decreased their price objective on shares of Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. The Goldman Sachs Group dropped their target price on Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. DA Davidson dropped their target price on Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Weiss Ratings lowered Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Finally, Robert W. Baird dropped their target price on Builders FirstSource from $125.00 to $95.00 in a research report on Friday, May 1st. Nine investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $101.88.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $75.44 on Wednesday. The business’s 50 day moving average price is $80.47 and its 200 day moving average price is $98.74. The firm has a market cap of $8.11 billion, a P/E ratio of 28.90, a P/E/G ratio of 1.81 and a beta of 1.44. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03. 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 (NYSE:BLDR) last issued its earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. Builders FirstSource’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 EPS. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management 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.