Buckland Partners Management Co LLC Invests $1.53 Million in Builders FirstSource, Inc. $BLDR

Key Points

• Buckland Partners Management purchased 17,100 Builders FirstSource shares valued at approximately $1.53 million. Institutional investors collectively own 95.53% of the company.
• Analyst sentiment is mixed, with nine Buy, eleven Hold, and three Sell ratings; the stock has an average rating of Hold and an average price target of $90.35.
• Builders FirstSource reported quarterly results below expectations, including $1.17 in EPS versus $1.25 expected and an 8.8% year-over-year revenue decline. The company also authorized a $500 million stock buyback, equivalent to up to 5.4% of outstanding shares.

Buckland Partners Management Co LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,100 shares of the company's stock, valued at approximately $1,530,000.

A number of other hedge funds have also recently added to or reduced their stakes in BLDR. Daiwa Securities Group Inc. raised its stake in shares of Builders FirstSource by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company's stock worth $2,057,000 after buying an additional 78 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Builders FirstSource by 2.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company's stock worth $525,000 after purchasing an additional 100 shares during the period. Moors & Cabot Inc. boosted its holdings in Builders FirstSource by 1.5% during the fourth quarter. Moors & Cabot Inc. now owns 7,388 shares of the company's stock worth $760,000 after buying an additional 109 shares in the last quarter. Root Financial Partners LLC grew 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 during the period. Finally, CIBC Private Wealth Group LLC grew its position 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 period. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on BLDR. Zacks Research lowered Builders FirstSource from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Bank of America dropped their target price on shares of Builders FirstSource from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, April 20th. Jefferies Financial Group cut their target price on shares of Builders FirstSource from $85.00 to $80.00 and set a "hold" rating for the company in a research report on Monday, May 4th. KeyCorp reduced their price target on shares of Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating on the stock in a report on Monday, July 13th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $80.00 price target on shares of Builders FirstSource in a research report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $90.35.

Builders FirstSource Stock Down 3.2%

BLDR opened at $70.17 on Tuesday. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The business has a 50-day moving average of $76.53 and a two-hundred day moving average of $85.65. 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 stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 77.11, a price-to-earnings-growth ratio of 2.35 and a beta of 1.44.

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

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

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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