Silvant Capital Management LLC Takes Position in Builders FirstSource, Inc. $BLDR

Silvant Capital Management LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,152 shares of the company’s stock, valued at approximately $3,145,000.

Several other large investors have also modified their holdings of BLDR. Caitong International Asset Management Co. Ltd grew its stake in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 132 shares during the last quarter. Sunbelt Securities Inc. lifted its position in Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the last quarter. Root Financial Partners LLC lifted its position in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the last quarter. Transamerica Financial Advisors LLC boosted its holdings in Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after acquiring an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in Builders FirstSource during the second quarter valued at about $38,000. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. The Goldman Sachs Group dropped their price objective on Builders FirstSource from $110.00 to $101.00 in a research note on Friday, May 1st. Stifel Nicolaus decreased their target price on Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Citigroup started coverage on Builders FirstSource in a report on Friday. They issued a “market perform” rating on the stock. Loop Capital dropped their price target on Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. Finally, Wells Fargo & Company cut their price target on Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource Stock Down 3.1%

Shares of BLDR opened at $70.31 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The company has a 50-day simple moving average of $76.12 and a 200-day simple moving average of $84.69. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03. The firm has a market capitalization of $7.57 billion, a P/E ratio of 77.26, a P/E/G ratio of 2.35 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last released 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business earned $2.38 earnings per share. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts expect that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has authorized a stock buyback program on Thursday, April 30th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are 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.