16,636 Shares in Builders FirstSource, Inc. $BLDR Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,636 shares of the company’s stock, valued at approximately $1,489,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares during the last quarter. Transamerica Financial Advisors LLC grew its stake in shares of Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after buying an additional 175 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Builders FirstSource during the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $72.52 on Monday. The firm has a market capitalization of $7.80 billion, a P/E ratio of 79.69, a PEG ratio of 2.35 and a beta of 1.44. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The business has a fifty day moving average of $76.59 and a 200 day moving average of $85.98.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.38 EPS. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BLDR shares. Bank of America dropped their target price on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Oppenheimer reduced their price target on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Barclays lowered their price target on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. 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. Finally, KeyCorp cut their price objective on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $90.35.

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.