National Pension Service Raises Stock Holdings in Builders FirstSource, Inc. $BLDR

National Pension Service increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 70.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,760 shares of the company’s stock after purchasing an additional 8,570 shares during the quarter. National Pension Service’s holdings in Builders FirstSource were worth $2,136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BLDR. Cromwell Holdings LLC grew its stake in Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in Builders FirstSource in the third quarter worth approximately $34,000. CYBER HORNET ETFs LLC bought a new position in Builders FirstSource in the second quarter worth approximately $38,000. Finally, MUFG Securities EMEA plc bought a new position in Builders FirstSource in the second quarter worth approximately $38,000. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BLDR shares. DA Davidson dropped their price objective on Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Barclays dropped their price objective on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Oppenheimer set a $121.00 price objective on Builders FirstSource in a research note on Friday, May 1st. William Blair started coverage on Builders FirstSource in a research note on Thursday, February 26th. They issued an “outperform” rating on the stock. Finally, Stephens dropped their target price on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, April 27th. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Hold” and a consensus target price of $101.88.

Builders FirstSource Stock Down 0.7%

Builders FirstSource stock opened at $75.71 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 1.83 and a beta of 1.45. Builders FirstSource, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03. The business has a fifty day moving average price of $80.47 and a 200-day moving average price of $98.74.

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

Builders FirstSource declared that its Board of Directors has initiated a share buyback 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of the stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the transaction, the director directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by insiders.

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.