KBC Group NV Buys 10,083 Shares of Builders FirstSource, Inc. $BLDR

KBC Group NV grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 50.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,921 shares of the company’s stock after acquiring an additional 10,083 shares during the quarter. KBC Group NV’s holdings in Builders FirstSource were worth $2,464,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BLDR. Cromwell Holdings LLC grew its stake in Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after purchasing an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares in the last quarter. Root Financial Partners LLC raised its holdings in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after buying an additional 175 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource during the second quarter valued at about $38,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of analyst reports. UBS Group cut their price objective on shares of Builders FirstSource from $143.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Oppenheimer decreased their target price on shares of Builders FirstSource from $121.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday. Barclays lowered their target price on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Weiss Ratings lowered shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Finally, Bank of America reduced their price target on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Nine research 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’s stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and an average price target of $100.35.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $72.89 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.68 and a beta of 1.42. 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 stock’s 50-day simple moving average is $77.11 and its 200-day simple moving average is $91.34.

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 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 net margin of 1.97% and a return on equity of 14.89%. The business’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.51 EPS. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 4.29 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback plan on Thursday, April 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.