Hauser Brothers GmbH Makes New Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Hauser Brothers GmbH acquired 128,900 Builders FirstSource shares worth approximately $11.5 million, making BLDR its third-largest position and representing about 0.12% of the company. Institutional investors collectively own 95.53% of BLDR.
• Builders FirstSource shares traded near $67.74, close to their 52-week low of $65.10 and well below the $151.03 high. The company’s latest quarterly results missed estimates, with EPS of $1.17 versus $1.25 expected and revenue down 8.8% year over year.
• The company has authorization to repurchase up to $500 million of stock, or 5.4% of shares outstanding. Analysts maintain a consensus “Hold” rating with an average price target of $90.35.

Hauser Brothers GmbH acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 128,900 shares of the company's stock, valued at approximately $11,533,972. Builders FirstSource accounts for 0.0% of Hauser Brothers GmbH's portfolio, making the stock its 3rd biggest position. Hauser Brothers GmbH owned approximately 0.12% of Builders FirstSource at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in Builders FirstSource in the 2nd quarter valued at approximately $426,000. Transamerica Financial Advisors LLC purchased a new position in shares of Builders FirstSource during the second quarter valued at approximately $69,000. Corient Private Wealth LP bought a new stake in shares of Builders FirstSource in the second quarter worth approximately $3,172,000. Punch & Associates Investment Management Inc. purchased a new stake in shares of Builders FirstSource in the second quarter worth about $8,967,000. Finally, Palogic Value Management L.P. bought a new position in shares of Builders FirstSource during the second quarter valued at approximately $1,456,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Performance

BLDR traded up $0.53 during trading hours on Friday, hitting $67.74. The company's stock had a trading volume of 1,652,009 shares, compared to its average volume of 2,384,594. The company has a 50-day simple moving average of $75.22 and a 200 day simple moving average of $82.90. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The firm has a market capitalization of $7.29 billion, a PE ratio of 74.44, a PEG ratio of 2.23 and a beta of 1.44. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

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 net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the company earned $2.38 earnings per share. The company's quarterly revenue was down 8.8% on a year-over-year basis. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Builders FirstSource declared that its Board of Directors has approved a stock buyback plan on Thursday, April 30th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

BLDR has been the topic of several research reports. Barclays dropped their price objective on Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Truist Financial cut their price objective on shares of Builders FirstSource from $115.00 to $90.00 and set a "buy" rating for the company in a report on Friday, July 31st. Citizens Jmp started coverage on shares of Builders FirstSource in a report on Friday, August 21st. They set a "market perform" rating on the stock. Finally, Citigroup assumed coverage on shares of Builders FirstSource in a report on Friday, August 21st. They issued a "market perform" rating on the stock. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of "Hold" and an average price target of $90.35.

About Builders FirstSource

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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