Lewis Asset Management LLC Invests $475,000 in Builders FirstSource, Inc. $BLDR

Lewis Asset Management LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,775 shares of the company’s stock, valued at approximately $475,000.

Other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 132 shares during the last quarter. Cromwell Holdings LLC raised its position in Builders FirstSource by 1,323.5% in the 4th 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. CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth $38,000. MUFG Securities EMEA plc purchased a new position in Builders FirstSource during the 2nd quarter worth $38,000. Finally, Transamerica Financial Advisors LLC grew its position in Builders FirstSource by 90.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BLDR shares. Raymond James Financial reduced their target price on shares of Builders FirstSource from $140.00 to $100.00 in a report on Friday, May 1st. Bank of America lowered their target price on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Robert W. Baird cut their price target on Builders FirstSource from $125.00 to $95.00 in a research note on Friday, May 1st. KeyCorp decreased their price target on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Finally, Jefferies Financial Group lowered their price objective on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $101.88.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $89.32 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The firm has a market capitalization of $9.61 billion, a P/E ratio of 34.22, a PEG ratio of 2.13 and a beta of 1.44. The company’s fifty day moving average is $78.85 and its two-hundred day moving average is $95.13.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results 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). The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 EPS. Analysts forecast that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a stock buyback program on Thursday, April 30th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are 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.