Atlas FRM LLC Takes $64.25 Billion Position in Builders FirstSource, Inc. $BLDR

Atlas FRM LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 718,000 shares of the company's stock, valued at approximately $64,246,640,000. Builders FirstSource makes up 2.8% of Atlas FRM LLC's investment portfolio, making the stock its 10th biggest position. Atlas FRM LLC owned approximately 0.67% of Builders FirstSource as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its holdings in Builders FirstSource by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company's stock valued at $2,057,000 after acquiring an additional 78 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of Builders FirstSource by 2.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company's stock valued at $525,000 after purchasing an additional 100 shares during the last quarter. Moors & Cabot Inc. increased its holdings in shares of Builders FirstSource by 1.5% in the fourth quarter. Moors & Cabot Inc. now owns 7,388 shares of the company's stock valued at $760,000 after purchasing an additional 109 shares during the last quarter. Root Financial Partners LLC lifted its position in Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after buying an additional 113 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in Builders FirstSource by 5.9% during the third quarter. CIBC Private Wealth Group LLC now owns 2,272 shares of the company's stock worth $275,000 after buying an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Down 0.3%

BLDR opened at $70.02 on Monday. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week 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 business has a fifty day simple moving average of $75.97 and a 200-day simple moving average of $84.38. The firm has a market cap of $7.53 billion, a P/E ratio of 76.95, a P/E/G ratio of 2.28 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted 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 firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.Builders FirstSource's revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.38 EPS. On average, equities analysts expect that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Builders FirstSource announced that its board has initiated a share buyback program on Thursday, April 30th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BLDR shares. Oppenheimer reduced their price target on Builders FirstSource from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. The Goldman Sachs Group reduced their target price on shares of Builders FirstSource from $110.00 to $101.00 in a research note on Friday, May 1st. Citigroup assumed coverage on shares of Builders FirstSource in a report on Friday. They issued a "market perform" rating on the stock. Benchmark dropped their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Finally, UBS Group cut their price target on shares of Builders FirstSource from $122.00 to $88.00 and set a "buy" rating for the company in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.

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