Builders FirstSource, Inc. (NYSE:BLDR) is Robotti Robert's 2nd Largest Position

Key Points

• Robotti Robert increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 5.0%, making it the second-largest position in their portfolio, with approximately $51.7 million in holdings.
• The company announced a $500 million share buyback plan, indicating confidence in the stock's valuation by management.
• Analysts have varied target prices forBuilders FirstSource, with a consensus rating of "Hold" and a target price of $154.44, signaling mixed expectations for the stock's performance.

Robotti Robert raised its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 413,752 shares of the company's stock after purchasing an additional 19,578 shares during the quarter. Builders FirstSource accounts for about 10.4% of Robotti Robert's portfolio, making the stock its 2nd biggest position. Robotti Robert owned approximately 0.37% of Builders FirstSource worth $51,694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BLDR. Renaissance Technologies LLC purchased a new stake in shares of Builders FirstSource in the fourth quarter worth approximately $9,954,000. Advisory Services Network LLC bought a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $532,000. Raymond James Financial Inc. bought a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $34,540,000. Sterling Capital Management LLC grew its holdings in shares of Builders FirstSource by 46.1% in the fourth quarter. Sterling Capital Management LLC now owns 6,366 shares of the company's stock valued at $910,000 after acquiring an additional 2,008 shares in the last quarter. Finally, Townsquare Capital LLC grew its holdings in shares of Builders FirstSource by 15.0% in the fourth quarter. Townsquare Capital LLC now owns 4,255 shares of the company's stock valued at $608,000 after acquiring an additional 554 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Builders FirstSource news, Director Dirkson R. Charles acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the transaction, the director owned 5,000 shares of the company's stock, valued at approximately $548,350. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company's stock.

Builders FirstSource Trading Up 5.1%

NYSE:BLDR opened at $144.41 on Thursday. The company has a market cap of $15.96 billion, a P/E ratio of 21.91, a P/E/G ratio of 14.56 and a beta of 1.68. The stock's fifty day moving average price is $124.40 and its two-hundred day moving average price is $127.37. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.03. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%. The business's quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.50 earnings per share. As a group, analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its board has authorized a share buyback plan on Thursday, May 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DA Davidson reduced their target price on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Stifel Nicolaus upped their target price on Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a report on Friday, August 1st. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the company an "outperform" rating in a report on Thursday, July 10th. Raymond James Financial reaffirmed an "outperform" rating and issued a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Finally, Stephens reduced their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $154.44.

Builders FirstSource Company Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.

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