Mountaineer Partners Management LLC Has $9.68 Million Stock Position in Builders FirstSource, Inc. $BLDR

Mountaineer Partners Management LLC lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 54.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,091 shares of the company’s stock after acquiring an additional 33,332 shares during the quarter. Builders FirstSource accounts for 5.4% of Mountaineer Partners Management LLC’s portfolio, making the stock its 10th largest holding. Mountaineer Partners Management LLC’s holdings in Builders FirstSource were worth $9,681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of BLDR. Integrated Wealth Concepts LLC boosted its stake in shares of Builders FirstSource by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after acquiring an additional 295 shares in the last quarter. Woodline Partners LP boosted its stake 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 in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Builders FirstSource by 180.0% during the 2nd 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 in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Builders FirstSource by 230.7% during the 2nd 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 in the last quarter. Finally, Jump Financial LLC boosted its stake in shares of Builders FirstSource by 144.1% during the 2nd quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock worth $843,000 after acquiring an additional 4,264 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

BLDR opened at $77.81 on Monday. The stock has a fifty day moving average of $79.28 and a 200-day moving average of $97.17. The firm has a market capitalization of $8.37 billion, a P/E ratio of 29.81, a PEG ratio of 1.86 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last released its 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 business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. Builders FirstSource’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource announced that its board has initiated a share buyback plan on Thursday, April 30th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

BLDR has been the subject of several research reports. Jefferies Financial Group reduced their price objective on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, May 4th. UBS Group reduced their price objective on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Bank of America reduced their price objective on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Zacks Research lowered Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Finally, Robert W. Baird reduced their price objective on Builders FirstSource from $125.00 to $95.00 in a research note 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.