Palogic Value Management L.P. Acquires Shares of 16,277 Builders FirstSource, Inc. $BLDR

Palogic Value Management L.P. acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, Holdings Channel reports. The institutional investor acquired 16,277 shares of the company’s stock, valued at approximately $1,456,000.

A number of other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE purchased a new position in Builders FirstSource in the second quarter worth about $83,832,000. Caisse de depot et placement du Quebec purchased a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $53,590,000. Man Group plc bought a new position in shares of Builders FirstSource during the 2nd quarter valued at approximately $3,351,000. Councilmark Asset Management LLC bought a new position in shares of Builders FirstSource during the 2nd quarter valued at approximately $247,000. Finally, Miller Value Partners LLC purchased a new stake in Builders FirstSource during the 2nd quarter valued at $1,710,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 1.0%

NYSE:BLDR opened at $68.70 on Thursday. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 75.49, a price-to-earnings-growth ratio of 2.25 and a beta of 1.44. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03. 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 fifty day simple moving average of $75.49 and a 200-day simple moving average of $83.30.

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

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

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Citizens Jmp began coverage on shares of Builders FirstSource in a report on Friday, August 21st. They issued a “market perform” rating for the company. Oppenheimer dropped their price target on shares of Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Royal Bank Of Canada cut their price target on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Finally, UBS Group reduced their price objective on shares of Builders FirstSource from $122.00 to $88.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.