Commerce Bank Takes $27.52 Million Position in Builders FirstSource, Inc. $BLDR

Commerce Bank purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 307,514 shares of the company's stock, valued at approximately $27,516,000. Commerce Bank owned 0.29% of Builders FirstSource at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLDR. Caitong International Asset Management Co. Ltd lifted its position in Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company's stock valued at $26,000 after buying an additional 132 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock valued at $30,000 after acquiring an additional 300 shares during 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 during the period. Transamerica Financial Advisors LLC raised its stake in shares of Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company's stock valued at $38,000 after acquiring an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $38,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Shares of BLDR opened at $70.02 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The firm's 50 day moving average price is $75.97 and its 200 day moving average price is $84.59. The company has a market cap of $7.53 billion, a P/E ratio of 76.95, a PEG ratio of 2.28 and a beta of 1.44. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). The business 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 quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.38 earnings per share. On average, research analysts forecast that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a "market perform" rating and set a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Stifel Nicolaus cut their target price on Builders FirstSource from $76.00 to $70.00 and set a "hold" rating on the stock in a research report on Thursday, July 23rd. Robert W. Baird set a $75.00 price target on Builders FirstSource in a research note on Friday, July 31st. Weiss Ratings lowered Builders FirstSource from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, July 21st. Finally, Stephens dropped their price objective on Builders FirstSource from $125.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, April 27th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of "Hold" and a consensus 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.

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source