Pecaut & CO. Takes Position in Builders FirstSource, Inc. $BLDR

Key Points

• Pecaut & CO. acquired 26,865 shares of Builders FirstSource in the second quarter, worth approximately $2.4 million and representing 0.7% of its portfolio. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource reported quarterly EPS of $1.17, below the $1.25 consensus estimate, while revenue fell 8.8% year over year to $3.86 billion. Shares recently traded at $72.52, well below the 12-month high of $151.03.
• The company authorized a $500 million share-repurchase program, allowing it to buy back up to 5.4% of outstanding shares. Analysts maintain a consensus “Hold” rating with an average price target of $90.35.

Pecaut & CO. purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 26,865 shares of the company's stock, valued at approximately $2,404,000. Builders FirstSource makes up 0.7% of Pecaut & CO.'s investment portfolio, making the stock its 21st largest holding.

Other large investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in Builders FirstSource in the second quarter valued at approximately $482,000. Wedge Capital Management L L P NC increased its position in shares of Builders FirstSource by 6.3% in the second quarter. Wedge Capital Management L L P NC now owns 89,477 shares of the company's stock valued at $8,006,000 after buying an additional 5,268 shares in the last quarter. Hudson Value Partners LLC raised its stake in shares of Builders FirstSource by 10.2% during the 2nd quarter. Hudson Value Partners LLC now owns 60,904 shares of the company's stock worth $5,450,000 after buying an additional 5,620 shares during the period. LVM Capital Management Ltd. MI acquired a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $666,000. Finally, Polianta Ltd lifted its position in shares of Builders FirstSource by 37.1% during the 2nd quarter. Polianta Ltd now owns 22,900 shares of the company's stock valued at $2,049,000 after buying an additional 6,200 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $72.52 on Friday. The stock has a market capitalization of $7.80 billion, a P/E ratio of 79.69, a PEG ratio of 2.39 and a beta of 1.44. The business has a 50 day simple moving average of $76.59 and a two-hundred day simple moving average of $86.21. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month 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.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly 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). 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 analyst estimates of $3.91 billion. During the same period in the prior year, the firm earned $2.38 earnings per share. The business's revenue was down 8.8% on a year-over-year basis. As a group, analysts predict that Builders FirstSource, Inc. will post 3.15 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a stock repurchase program on Thursday, April 30th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms recently issued reports on BLDR. Weiss Ratings cut shares of Builders FirstSource from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Wolfe Research raised shares of Builders FirstSource to a "hold" rating in a report on Thursday, May 14th. BMO Capital Markets reiterated a "market perform" rating and issued a $80.00 target price on shares of Builders FirstSource in a research report on Thursday, August 6th. Finally, Zacks Research lowered shares of Builders FirstSource from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average 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.

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