IPG Investment Advisors LLC Has $5.15 Million Stock Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• IPG Investment Advisors LLC increased its Builders FirstSource stake by 42.7% in Q4, adding 14,977 shares to bring its total to 50,060 shares valued at about $5.15 million.
• Several analysts cut price targets on BLDR, and the stock now carries a consensus rating of “Hold” with an average price target of $101.88.
• Builders FirstSource reported mixed quarterly results, missing EPS estimates while revenue came in above expectations, and its board authorized a $500 million share buyback.

IPG Investment Advisors LLC boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 42.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 50,060 shares of the company's stock after acquiring an additional 14,977 shares during the period. Builders FirstSource accounts for 0.9% of IPG Investment Advisors LLC's portfolio, making the stock its 29th largest position. IPG Investment Advisors LLC's holdings in Builders FirstSource were worth $5,151,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BLDR. Cromwell Holdings LLC grew its holdings in Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company's stock worth $25,000 after acquiring an additional 225 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Builders FirstSource by 167.1% in the 3rd 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 period. TD Waterhouse Canada Inc. acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $34,000. CYBER HORNET ETFs LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $38,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BLDR shares. Robert W. Baird decreased their price target on shares of Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. Loop Capital decreased their price target on shares of Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. Barclays decreased their price target on shares of Builders FirstSource from $114.00 to $93.00 and set an "overweight" rating for the company in a report on Friday, May 1st. Royal Bank Of Canada decreased their price target on shares of Builders FirstSource from $110.00 to $107.00 and set an "outperform" rating for the company in a report on Friday, May 1st. Finally, Jefferies Financial Group decreased their price target on shares of Builders FirstSource from $85.00 to $80.00 and set a "hold" rating for the company in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $101.88.

Insider Buying and Selling

In related news, Director Paul S. Levy acquired 50,000 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the transaction, the director owned 1,727,191 shares of the company's stock, valued at $151,526,466.43. The trade was a 2.98% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company's stock.

Builders FirstSource Trading Up 3.9%

BLDR opened at $77.32 on Thursday. The stock has a market capitalization of $8.32 billion, a P/E ratio of 29.62, a P/E/G ratio of 1.78 and a beta of 1.49. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The firm's fifty day simple moving average is $81.13 and its 200 day simple moving average is $99.41. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.12). The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The company's revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.51 earnings per share. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource announced that its board has approved a stock repurchase plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management 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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