Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Mitsubishi UFJ Asset Management initiated a position in Builders FirstSource by purchasing 136,613 shares valued at approximately $12.2 million, while institutional investors collectively own 95.53% of the company.
• Analyst sentiment is mixed, with nine Buy, twelve Hold, and three Sell ratings; the consensus rating is Hold, with an average price target of $90.35.
• Builders FirstSource missed quarterly earnings and revenue estimates, reporting $1.17 in EPS and $3.86 billion in revenue, while revenue fell 8.8% year over year. The company also authorized a $500 million share buyback covering up to 5.4% of outstanding shares.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 136,613 shares of the company's stock, valued at approximately $12,224,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.13% of Builders FirstSource as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Builders FirstSource by 99,084.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company's stock worth $230,634,000 after acquiring an additional 2,239,301 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Builders FirstSource during the 2nd quarter valued at $134,908,000. Norges Bank bought a new stake in shares of Builders FirstSource in the 4th quarter worth $109,269,000. Boston Partners increased its holdings in shares of Builders FirstSource by 73.0% in the 3rd quarter. Boston Partners now owns 1,852,292 shares of the company's stock worth $224,627,000 after purchasing an additional 781,506 shares in the last quarter. Finally, Coliseum Capital Management LLC purchased a new position in shares of Builders FirstSource in the fourth quarter worth $80,321,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BLDR. Stephens lowered their price target on Builders FirstSource from $125.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, April 27th. BMO Capital Markets reiterated a "market perform" rating and issued a $80.00 price objective on shares of Builders FirstSource in a report on Thursday, August 6th. KeyCorp decreased their target price on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a research report on Monday, July 13th. Stifel Nicolaus lowered their target price on shares of Builders FirstSource from $76.00 to $70.00 and set a "hold" rating on the stock in a research note on Thursday, July 23rd. Finally, Barclays dropped their price target on shares of Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $90.35.

Builders FirstSource Stock Performance

BLDR stock opened at $70.31 on Friday. The company has a market cap of $7.57 billion, a P/E ratio of 77.26, a price-to-earnings-growth ratio of 2.35 and a beta of 1.44. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03. 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's fifty day moving average price is $76.12 and its 200-day moving average price is $84.69.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS 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 firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm earned $2.38 EPS. The business's revenue was down 8.8% on a year-over-year basis. On average, equities analysts forecast that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

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

Builders FirstSource Company 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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