Sone Capital Management LLC Purchases New Stake in Builders FirstSource, Inc. $BLDR

Sone Capital Management LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,992 shares of the company’s stock, valued at approximately $1,163,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Schwartz Investment Counsel Inc. grew its stake in shares of Builders FirstSource by 17.1% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock worth $9,857,000 after purchasing an additional 14,000 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Builders FirstSource during the second quarter valued at about $700,934,000. Fiera Capital Corp raised its stake in shares of Builders FirstSource by 36.0% during the fourth quarter. Fiera Capital Corp now owns 653,839 shares of the company’s stock valued at $67,273,000 after purchasing an additional 173,230 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Builders FirstSource by 10.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock worth $24,993,000 after purchasing an additional 22,270 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Builders FirstSource by 99,084.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after purchasing an additional 2,239,301 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.2%

Shares of BLDR opened at $70.37 on Tuesday. The business’s 50-day moving average price is $75.82 and its 200 day moving average price is $84.04. The stock has a market capitalization of $7.57 billion, a P/E ratio of 77.33, a P/E/G ratio of 2.28 and a beta of 1.44. Builders FirstSource, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last posted 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 net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the company posted $2.38 earnings per share. Builders FirstSource’s quarterly revenue was down 8.8% compared to the same quarter last year. Analysts expect that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Builders FirstSource declared that its board has approved a share repurchase program on Thursday, April 30th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BLDR. Oppenheimer lowered their price target on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. The Goldman Sachs Group cut their price objective on Builders FirstSource from $110.00 to $101.00 in a report 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. Royal Bank Of Canada lowered their target price on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a research 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 company. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Hold” and an average 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.