LVM Capital Management Ltd. MI Acquires New Shares in Builders FirstSource, Inc. $BLDR

LVM Capital Management Ltd. MI bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,445 shares of the company’s stock, valued at approximately $666,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Builders FirstSource by 99,084.1% during the 4th 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 during the last quarter. Norges Bank bought a new position in shares of Builders FirstSource during the 4th quarter valued at $109,269,000. Boston Partners lifted 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 purchasing an additional 781,506 shares during the last quarter. Coliseum Capital Management LLC acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at $80,321,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Builders FirstSource by 37.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,641,809 shares of the company’s stock worth $271,816,000 after purchasing an additional 725,905 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on BLDR shares. Bank of America lowered their target price on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Zacks Research cut Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Weiss Ratings downgraded Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. BMO Capital Markets reissued a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a research note on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $90.35.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $71.97 on Tuesday. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The company has a market cap of $7.74 billion, a P/E ratio of 79.09, a P/E/G ratio of 2.42 and a beta of 1.44. The business’s 50 day moving average is $76.69 and its two-hundred day moving average is $87.39. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). The business 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 firm’s revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.38 earnings per share. On average, equities analysts expect that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Builders FirstSource declared that its board has initiated a stock repurchase program on Thursday, April 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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.