Builders FirstSource, Inc. (NYSE:BLDR) Holdings Boosted by Hudson Value Partners LLC

Hudson Value Partners LLC boosted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,292 shares of the company’s stock after buying an additional 1,853 shares during the quarter. Builders FirstSource makes up approximately 4.5% of Hudson Value Partners LLC’s portfolio, making the stock its 4th biggest position. Hudson Value Partners LLC’s holdings in Builders FirstSource were worth $11,494,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $30,000. ORG Partners LLC bought a new stake in Builders FirstSource in the first quarter valued at approximately $33,000. Innealta Capital LLC bought a new position in shares of Builders FirstSource in the second quarter worth approximately $27,000. Reston Wealth Management LLC purchased a new position in shares of Builders FirstSource in the third quarter worth $39,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after buying an additional 75 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and raised their target price for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Bank of America increased their price objective on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Barclays boosted their target price on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group raised their price target on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $206.47.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $179.09 on Friday. The company has a 50 day moving average of $184.71 and a 200 day moving average of $168.52. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. Builders FirstSource, Inc. has a twelve month low of $120.80 and a twelve month high of $214.70. The firm has a market cap of $20.86 billion, a P/E ratio of 15.72, a PEG ratio of 10.17 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business earned $4.24 earnings per share. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.69 EPS for the current fiscal year.

Builders FirstSource declared that its board has authorized a stock buyback program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.