Bessemer Group Inc. Purchases 27,037 Shares of Builders FirstSource, Inc. $BLDR

Bessemer Group Inc. lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 528,056 shares of the company’s stock after purchasing an additional 27,037 shares during the period. Bessemer Group Inc.’s holdings in Builders FirstSource were worth $43,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Schwartz Investment Counsel Inc. increased its stake in Builders FirstSource by 17.1% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock worth $9,857,000 after buying an additional 14,000 shares in the last quarter. Eagle Global Advisors LLC lifted its position in shares of Builders FirstSource by 46.3% in the fourth quarter. Eagle Global Advisors LLC now owns 60,242 shares of the company’s stock valued at $6,198,000 after acquiring an additional 19,062 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Builders FirstSource by 10.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock worth $24,993,000 after acquiring an additional 22,270 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of Builders FirstSource by 13.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,872,708 shares of the company’s stock worth $192,683,000 after acquiring an additional 221,641 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Builders FirstSource by 99,084.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after purchasing an additional 2,239,301 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $74.23 on Friday. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $77.24 and a 200-day moving average price of $92.46. The firm has a market capitalization of $7.98 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.42.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data 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). 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 for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the firm earned $1.51 EPS. Builders FirstSource’s revenue was down 10.1% compared to the same quarter last year. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 4.29 EPS for the current year.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BLDR shares. Wells Fargo & Company cut their price objective on shares of Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Wolfe Research raised shares of Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Truist Financial dropped their target price on shares of Builders FirstSource from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. KeyCorp cut their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group reduced their price target on shares of Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. Eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $101.45.

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.