State of Wyoming Makes New Investment in Builders FirstSource, Inc. $BLDR

State of Wyoming bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter, HoldingsChannel.com reports. The fund bought 9,255 shares of the company’s stock, valued at approximately $828,000.

Several other hedge funds have also recently made changes to their positions in BLDR. Kelleher Financial Advisors bought a new position in shares of Builders FirstSource in the 2nd quarter valued at about $1,203,000. GSA Capital Partners LLP purchased a new position in Builders FirstSource in the second quarter worth about $1,489,000. Family Legacy Inc. bought a new stake in Builders FirstSource during the second quarter worth approximately $223,000. Pecaut & CO. bought a new stake in Builders FirstSource during the second quarter worth approximately $2,404,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Builders FirstSource during the second quarter worth approximately $482,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $72.52 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The firm has a market capitalization of $7.80 billion, a P/E ratio of 79.69, a price-to-earnings-growth ratio of 2.35 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’s 50-day moving average is $76.59 and its 200 day moving average is $86.21.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.38 EPS. Research analysts forecast that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Builders FirstSource declared that its board has initiated a share buyback plan on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 5.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BLDR shares. Stifel Nicolaus lowered their price objective 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. Stephens cut 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. Benchmark decreased their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. DA Davidson set a $68.00 price target on Builders FirstSource in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a research report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average target price of $90.35.

Builders FirstSource Profile

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.