Thrivent Financial for Lutherans Has $8.01 Million Position in Builders FirstSource, Inc. $BLDR

Thrivent Financial for Lutherans raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 26.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 77,881 shares of the company’s stock after acquiring an additional 16,398 shares during the period. Thrivent Financial for Lutherans’ holdings in Builders FirstSource were worth $8,014,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cromwell Holdings LLC raised its stake in Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after purchasing an additional 225 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares during the period. TD Waterhouse Canada Inc. acquired a new stake in Builders FirstSource during the 3rd quarter valued at $34,000. CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource during the 2nd quarter valued at $38,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at $38,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 7.3%

BLDR stock opened at $71.21 on Thursday. 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, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03. The company has a fifty day simple moving average of $82.58 and a 200 day simple moving average of $100.71. The firm has a market cap of $7.66 billion, a PE ratio of 27.28, a PEG ratio of 1.59 and a beta of 1.49.

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

Builders FirstSource announced that its board has initiated a stock repurchase 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 an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of Builders FirstSource stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the purchase, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on BLDR. UBS Group lowered their price target on shares of Builders FirstSource from $143.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Builders FirstSource from $102.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Wells Fargo & Company lowered their price target on shares of Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Stifel Nicolaus lowered their price target on shares of Builders FirstSource from $115.00 to $93.00 and set a “hold” rating on the stock in a report on Monday, March 16th. Finally, Loop Capital lowered their price target on shares of Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. Nine 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.88.

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.