BI Asset Management Fondsmaeglerselskab A S Purchases 5,922 Shares of Builders FirstSource, Inc. $BLDR

BI Asset Management Fondsmaeglerselskab A S grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 188.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,070 shares of the company’s stock after buying an additional 5,922 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Builders FirstSource were worth $747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLDR. Cromwell Holdings LLC lifted its position in Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Builders FirstSource in the second quarter worth $38,000. CYBER HORNET ETFs LLC purchased a new position in Builders FirstSource in the second quarter worth $38,000. Finally, Transamerica Financial Advisors LLC increased its position in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE BLDR opened at $88.50 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The stock’s fifty day moving average price is $78.76 and its 200 day moving average price is $95.17. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.05 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last issued its 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). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the business earned $1.51 EPS. The business’s revenue was down 10.1% on a year-over-year basis. As a group, equities research analysts forecast 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 stock repurchase program on Thursday, April 30th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

BLDR has been the subject of several analyst reports. DA Davidson decreased their price objective on Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating for the company in a report on Friday, May 1st. BMO Capital Markets reduced their target price on Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating on the stock in a research report on Monday, May 4th. Oppenheimer set a $121.00 price target on Builders FirstSource in a research note on Friday, May 1st. William Blair initiated coverage on Builders FirstSource in a report on Thursday, February 26th. They issued an “outperform” rating for the company. Finally, Wolfe Research raised Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.88.

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.