20,000 Shares in Builders FirstSource, Inc. $BLDR Bought by Impala Asset Management LLC

Impala Asset Management LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,000 shares of the company’s stock, valued at approximately $1,647,000. Builders FirstSource accounts for about 0.8% of Impala Asset Management LLC’s investment portfolio, making the stock its 22nd largest holding.

Several other hedge funds have also modified their holdings of the stock. Integrated Wealth Concepts LLC increased its position in shares of Builders FirstSource by 9.3% in the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after acquiring an additional 295 shares in the last quarter. Woodline Partners LP lifted its position in shares of Builders FirstSource by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after acquiring an additional 2,812 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Builders FirstSource by 180.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock valued at $185,000 after acquiring an additional 1,017 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Builders FirstSource by 230.7% in the 2nd quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after purchasing an additional 13,215 shares during the period. Finally, Jump Financial LLC boosted its stake in Builders FirstSource by 144.1% in the 2nd quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock worth $843,000 after purchasing an additional 4,264 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Royal Bank Of Canada reduced their target price on Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, May 1st. KeyCorp dropped their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. UBS Group reduced their price objective on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Jefferies Financial Group decreased their price objective on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Finally, BMO Capital Markets decreased their price objective on Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating for the company in a research report on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and an average target price of $101.45.

Builders FirstSource Stock Up 1.9%

BLDR stock opened at $71.07 on Thursday. The company has a 50 day moving average of $77.12 and a two-hundred day moving average of $91.71. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.66 and a beta of 1.42. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data 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). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the business posted $1.51 EPS. Builders FirstSource’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 4.29 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has approved a share repurchase program on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board 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.