LVM Capital Management Ltd. MI Takes $666,000 Position in Builders FirstSource, Inc. $BLDR

LVM Capital Management Ltd. MI bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,445 shares of the company’s stock, valued at approximately $666,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in 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 buying an additional 2,239,301 shares in the last quarter. Norges Bank acquired a new position in shares of Builders FirstSource in the 4th quarter valued at $109,269,000. Boston Partners raised its stake in shares of Builders FirstSource by 73.0% in the 3rd quarter. Boston Partners now owns 1,852,292 shares of the company’s stock valued at $224,627,000 after buying an additional 781,506 shares in the last quarter. Coliseum Capital Management LLC acquired a new position in shares of Builders FirstSource in the 4th quarter valued at $80,321,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Builders FirstSource by 37.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,641,809 shares of the company’s stock worth $271,816,000 after acquiring an additional 725,905 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $71.97 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 79.09, a P/E/G ratio of 2.42 and a beta of 1.44. Builders FirstSource, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03. The firm’s 50-day moving average price is $76.69 and its two-hundred day moving average price is $87.39.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.38 EPS. On average, equities analysts predict that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a stock 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 generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent research reports. KeyCorp decreased their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Bank of America cut their price target on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Benchmark decreased their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. BMO Capital Markets reiterated a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a research note on Thursday. Finally, Zacks Research lowered Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $90.35.

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.