SEB Asset Management AB Makes New Investment in Builders FirstSource, Inc. $BLDR

SEB Asset Management AB acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,832 shares of the company’s stock, valued at approximately $1,797,000.

Several other large investors have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its holdings in Builders FirstSource by 9.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after buying an additional 295 shares during the period. Woodline Partners LP lifted its holdings in shares of Builders FirstSource by 40.7% during the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after acquiring an additional 2,812 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Builders FirstSource by 180.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock worth $185,000 after acquiring an additional 1,017 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Builders FirstSource by 230.7% in the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after acquiring an additional 13,215 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in Builders FirstSource by 144.1% in the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after purchasing an additional 4,264 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 0.7%

Shares of BLDR opened at $70.53 on Friday. The company has a 50-day simple moving average of $77.06 and a 200-day simple moving average of $91.47. 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, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03. The firm has a market capitalization of $7.59 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.69 and a beta of 1.42.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results 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). The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period last year, the firm earned $1.51 EPS. On average, equities research analysts expect that Builders FirstSource, Inc. will post 4.29 earnings per share for the current year.

Builders FirstSource declared that its board has approved a share repurchase program on Thursday, April 30th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BLDR. Royal Bank Of Canada dropped their price objective on Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Barclays reduced their target price on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. UBS Group lowered their price target on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Wolfe Research upgraded Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Finally, Oppenheimer decreased their target price on Builders FirstSource from $121.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $100.35.

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.