Paradigm Capital Management Inc. NY Acquires Shares of 131,250 Builders FirstSource, Inc. $BLDR

Paradigm Capital Management Inc. NY bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 131,250 shares of the company’s stock, valued at approximately $11,744,000.

Several other institutional investors have also recently made changes to their positions in BLDR. Daiwa Securities Group Inc. boosted its position in shares of Builders FirstSource by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after purchasing an additional 78 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in Builders FirstSource by 2.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock worth $525,000 after purchasing an additional 100 shares during the period. Moors & Cabot Inc. raised its holdings in Builders FirstSource by 1.5% in the fourth quarter. Moors & Cabot Inc. now owns 7,388 shares of the company’s stock worth $760,000 after purchasing an additional 109 shares in the last quarter. Root Financial Partners LLC raised its holdings in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Builders FirstSource by 5.9% during the third quarter. CIBC Private Wealth Group LLC now owns 2,272 shares of the company’s stock valued at $275,000 after buying an additional 126 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.2%

Builders FirstSource stock opened at $70.37 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The business’s fifty day simple moving average is $75.82 and its two-hundred day simple moving average is $84.04. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 77.33, a price-to-earnings-growth ratio of 2.28 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion for 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%. Builders FirstSource’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.38 earnings per share. As a group, equities analysts predict that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on BLDR shares. Weiss Ratings cut shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. UBS Group decreased their price target on shares of Builders FirstSource from $122.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. KeyCorp dropped 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 note on Monday, July 13th. Finally, DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and an average price target of $90.35.

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.