19,115 Shares in Builders FirstSource, Inc. $BLDR Bought by Miller Value Partners LLC

Miller Value Partners LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,115 shares of the company's stock, valued at approximately $1,710,000.

Several other institutional investors also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its stake 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 acquiring an additional 132 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock valued at $31,000 after acquiring an additional 113 shares in the last quarter. Transamerica Financial Advisors LLC lifted its holdings in Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company's stock worth $38,000 after purchasing an additional 175 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource in the 2nd quarter worth approximately $38,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Down 1.0%

BLDR stock opened at $69.50 on Wednesday. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The company has a market cap of $7.48 billion, a PE ratio of 76.37, a price-to-earnings-growth ratio of 2.28 and a beta of 1.44. The business's 50-day simple moving average is $75.64 and its 200 day simple moving average is $83.66.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS 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 during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the company earned $2.38 EPS. The company's revenue was down 8.8% on a year-over-year basis. On average, research analysts anticipate that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a stock repurchase program on Thursday, April 30th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have commented on BLDR shares. KeyCorp lowered their price target on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating on the stock in a report on Monday, July 13th. Wells Fargo & Company decreased their price objective on shares of Builders FirstSource from $85.00 to $65.00 and set an "equal weight" rating for the company in a report on Friday, July 31st. Truist Financial lowered their target price on shares of Builders FirstSource from $115.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Raymond James Financial dropped their target price on shares of Builders FirstSource from $140.00 to $100.00 in a report on Friday, May 1st. Finally, Zacks Research lowered shares of Builders FirstSource from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.

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