RIHO Partners LLC Has $8.18 Million Position in Builders FirstSource, Inc. $BLDR

RIHO Partners LLC lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 15.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,387 shares of the company’s stock after purchasing an additional 13,349 shares during the period. Builders FirstSource comprises 5.1% of RIHO Partners LLC’s holdings, making the stock its 10th biggest holding. RIHO Partners LLC’s holdings in Builders FirstSource were worth $8,183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. OMERS ADMINISTRATION Corp raised its holdings in shares of Builders FirstSource by 37.3% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 7,053 shares of the company’s stock worth $581,000 after purchasing an additional 1,916 shares in the last quarter. Union Square Park Capital Management LLC bought a new stake in Builders FirstSource during the first quarter worth approximately $823,000. Punch & Associates Investment Management Inc. boosted its holdings in Builders FirstSource by 0.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 128,538 shares of the company’s stock worth $10,583,000 after buying an additional 493 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Builders FirstSource by 829.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 40,648 shares of the company’s stock worth $3,347,000 after buying an additional 36,277 shares during the last quarter. Finally, Gabelli Funds LLC grew its position in Builders FirstSource by 66.7% in the first quarter. Gabelli Funds LLC now owns 4,000 shares of the company’s stock worth $329,000 after buying an additional 1,600 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Up 1.3%

Builders FirstSource stock opened at $73.64 on Wednesday. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 1.79 and a beta of 1.42. The company has a 50 day moving average price of $77.30 and a 200 day moving average price of $90.73.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.12). The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. Builders FirstSource’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period last year, the firm earned $1.51 earnings per share. Research analysts forecast that Builders FirstSource, Inc. will post 4.16 EPS for the current year.

Builders FirstSource declared that its board has authorized a stock buyback plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes 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 shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stephens reduced their price objective on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, April 27th. KeyCorp cut their target price 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. Stifel Nicolaus cut their target price on Builders FirstSource from $76.00 to $70.00 and set a “hold” rating on the stock in a research report on Thursday, July 23rd. Oppenheimer reduced their target price on Builders FirstSource from $121.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Finally, Barclays decreased their price target on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $99.97.

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.