Robotti Robert Makes New $45.65 Million Investment in Builders FirstSource, Inc. $BLDR

Robotti Robert purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, Holdings Channel.com reports. The firm purchased 510,158 shares of the company’s stock, valued at approximately $45,649,000. Builders FirstSource makes up approximately 7.4% of Robotti Robert’s investment portfolio, making the stock its 2nd biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Builders FirstSource in the second quarter valued at about $700,934,000. State Street Corp grew its position in shares of Builders FirstSource by 2.3% during the fourth quarter. State Street Corp now owns 5,108,120 shares of the company’s stock worth $525,574,000 after purchasing an additional 115,857 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Builders FirstSource by 2.3% during the fourth quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock worth $341,265,000 after purchasing an additional 73,835 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Builders FirstSource by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing an additional 325,935 shares during the period. Finally, Geode Capital Management LLC raised its stake in Builders FirstSource by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after purchasing an additional 14,420 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

BLDR stock opened at $67.69 on Wednesday. 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 1.79 and a debt-to-equity ratio of 1.14. The company has a fifty day simple moving average of $76.33 and a two-hundred day simple moving average of $85.30. The firm has a market capitalization of $7.28 billion, a P/E ratio of 74.39, a price-to-earnings-growth ratio of 2.35 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS 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 business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the business earned $2.38 earnings per share. The business’s quarterly revenue was down 8.8% on a year-over-year basis. Analysts anticipate that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on BLDR. Stephens dropped their price target on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, April 27th. Jefferies Financial Group cut their price objective on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a report on Monday, May 4th. UBS Group reduced their price objective on shares of Builders FirstSource from $122.00 to $88.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Weiss Ratings downgraded shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Finally, KeyCorp dropped their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and a consensus target price of $90.35.

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.