Crown Advisors Management Inc. Purchases Shares of 10,000 Builders FirstSource, Inc. $BLDR

Crown Advisors Management Inc. acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter, Holdings Channel reports. The fund acquired 10,000 shares of the company’s stock, valued at approximately $895,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. N.E.W. Advisory Services LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $306,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Builders FirstSource during the 2nd quarter valued at about $134,908,000. Global Retirement Partners LLC bought a new position in Builders FirstSource during the 2nd quarter worth approximately $49,000. Bank of New York Mellon Corp purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $49,626,000. Finally, State of Wyoming purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $828,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BLDR shares. Wells Fargo & Company cut their target price on shares of Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Jefferies Financial Group lowered their price objective on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Raymond James Financial cut their target price on Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. Finally, Loop Capital dropped their price objective on Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average price target of $90.35.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $72.52 on Monday. 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 1 year low of $65.10 and a 1 year high of $151.03. The company’s 50-day moving average is $76.59 and its 200 day moving average is $85.98. The stock has a market capitalization of $7.80 billion, a P/E ratio of 79.69, a P/E/G ratio of 2.35 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data 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). 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 the consensus estimate of $3.91 billion. During the same period in the previous year, the firm posted $2.38 earnings per share. The business’s revenue was down 8.8% compared to the same quarter last year. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Builders FirstSource announced that its board has authorized a share buyback program on Thursday, April 30th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors 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.