Punch & Associates Investment Management Inc. Purchases New Shares in Builders FirstSource, Inc. $BLDR

Key Points

• Punch & Associates Investment Management purchased 100,211 Builders FirstSource shares in the second quarter, valued at approximately $8.97 million, giving it a 0.09% stake. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource’s stock was trading at $68.70, near its 12-month low, after the company missed quarterly earnings and revenue estimates. EPS was $1.17 versus the $1.25 consensus, while revenue fell 8.8% year over year to $3.86 billion.
• Analyst sentiment is mixed, with an overall “Hold” rating and a consensus price target of $90.35. The company also authorized a $500 million share-repurchase plan, allowing buybacks of up to 5.4% of outstanding shares.

Punch & Associates Investment Management Inc. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100,211 shares of the company's stock, valued at approximately $8,967,000. Punch & Associates Investment Management Inc. owned about 0.09% of Builders FirstSource as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its holdings in 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 acquiring an additional 132 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after purchasing an additional 113 shares during the last quarter. Transamerica Financial Advisors LLC boosted its holdings in shares of Builders FirstSource by 90.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company's stock worth $38,000 after purchasing an additional 175 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource in the second quarter valued at approximately $38,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 1.0%

NYSE:BLDR opened at $68.70 on Thursday. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. The firm has a market cap of $7.39 billion, a PE ratio of 75.49, a price-to-earnings-growth ratio of 2.25 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. The stock has a fifty day moving average price of $75.49 and a 200 day moving average price of $83.30.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). The company 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%.The business's quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.38 earnings per share. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has authorized a share repurchase plan on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Oppenheimer cut their target price on Builders FirstSource from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. Zacks Research cut shares of Builders FirstSource from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. UBS Group dropped their price objective on shares of Builders FirstSource from $122.00 to $88.00 and set a "buy" rating for the company in a report on Friday, July 31st. Wolfe Research upgraded shares of Builders FirstSource to a "hold" rating in a report on Thursday, May 14th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $80.00 price target on shares of Builders FirstSource in a research note on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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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