Lewis Asset Management LLC Makes New $475,000 Investment in Builders FirstSource, Inc. $BLDR

Lewis Asset Management LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,775 shares of the company’s stock, valued at approximately $475,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BLDR. Capital International Investors purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth about $429,640,000. Northwestern Mutual Wealth Management Co. increased its holdings in Builders FirstSource by 99,084.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after acquiring an additional 2,239,301 shares in the last quarter. Franklin Resources Inc. raised its position in Builders FirstSource by 2,498.8% during the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock worth $224,861,000 after acquiring an additional 1,783,164 shares during the last quarter. Sands Capital Management LLC raised its position in Builders FirstSource by 139.1% during the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after acquiring an additional 1,414,129 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Builders FirstSource by 235.1% in the third quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock valued at $229,585,000 after purchasing an additional 1,328,363 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR opened at $89.32 on Friday. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03. The company’s 50 day simple moving average is $78.85 and its 200 day simple moving average is $95.13. The stock has a market capitalization of $9.61 billion, a PE ratio of 34.22, a P/E/G ratio of 2.13 and a beta of 1.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period last year, the company posted $1.51 EPS. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource declared that its Board of Directors has authorized a stock repurchase program on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently commented on BLDR. KeyCorp lowered their price target on shares of Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Wells Fargo & Company reduced their target price on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Weiss Ratings cut Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 16th. Robert W. Baird dropped their price target on Builders FirstSource from $125.00 to $95.00 in a research report on Friday, May 1st. Finally, The Goldman Sachs Group cut their price target on Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $101.88.

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.