Prescott Group Capital Management L.L.C. Purchases 30,000 Shares of Builders FirstSource, Inc. $BLDR

Prescott Group Capital Management L.L.C. raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 176.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 47,041 shares of the company’s stock after buying an additional 30,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Builders FirstSource were worth $4,840,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BLDR. Cromwell Holdings LLC lifted its position in shares of Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after buying an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after buying an additional 132 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter worth $34,000. CYBER HORNET ETFs LLC bought a new stake in shares of Builders FirstSource during the 2nd quarter worth $38,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Builders FirstSource during the 2nd quarter worth $38,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $71.21 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $7.66 billion, a PE ratio of 27.28, a P/E/G ratio of 1.59 and a beta of 1.49. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The stock has a 50-day moving average price of $82.58 and a two-hundred day moving average price of $100.71.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.12). The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. Builders FirstSource’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.51 earnings per share. Analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource declared that its board has approved a stock repurchase plan on Thursday, April 30th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BLDR. Stephens dropped their price objective on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, April 27th. Stifel Nicolaus dropped their price objective on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a research report on Monday, March 16th. KeyCorp dropped their price objective on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Jefferies Financial Group dropped their price objective on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Finally, Oppenheimer set a $121.00 price objective on Builders FirstSource in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource currently has an average rating of “Hold” and an average price target of $101.88.

Insider Buying and Selling

In other news, Director Paul S. Levy bought 50,000 shares of the company’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the transaction, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

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.