Northwestern Mutual Wealth Management Co. Buys 2,239,301 Shares of Builders FirstSource, Inc. $BLDR

Northwestern Mutual Wealth Management Co. raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 99,084.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,241,561 shares of the company’s stock after purchasing an additional 2,239,301 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Builders FirstSource were worth $230,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in Builders FirstSource by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after purchasing an additional 78 shares during the period. Aprio Wealth Management LLC boosted its stake in Builders FirstSource by 2.7% in the 3rd quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock worth $446,000 after purchasing an additional 98 shares during the period. Ramirez Asset Management Inc. boosted its stake in Builders FirstSource by 25.0% in the 3rd quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock worth $61,000 after purchasing an additional 100 shares during the period. IMA Advisory Services Inc. boosted its stake in Builders FirstSource by 40.9% in the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after purchasing an additional 103 shares during the period. Finally, Stephens Inc. AR boosted its stake in Builders FirstSource by 3.9% in the 3rd quarter. Stephens Inc. AR now owns 3,149 shares of the company’s stock worth $382,000 after purchasing an additional 117 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of research reports. Barclays lowered their target price on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Benchmark lowered their target price on Builders FirstSource from $138.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 1st. UBS Group lowered their target price 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. Truist Financial lowered their target price on Builders FirstSource from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group lowered their target price on Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Hold” and a consensus target price of $101.88.

Insider Transactions at Builders FirstSource

In related news, Director Paul S. Levy purchased 50,000 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the transaction, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Down 4.5%

NYSE BLDR opened at $70.24 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The company has a market capitalization of $7.55 billion, a P/E ratio of 26.91, a P/E/G ratio of 1.69 and a beta of 1.49. Builders FirstSource, Inc. has a one year low of $69.86 and a one year high of $151.03. The stock has a 50 day moving average price of $84.10 and a 200-day moving average price of $101.84.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 earnings per share. As a group, equities analysts predict that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a share repurchase program on Thursday, April 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.