AlphaCentric Advisors LLC Takes $823,000 Position in Builders FirstSource, Inc. $BLDR

AlphaCentric Advisors LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $823,000. Builders FirstSource accounts for about 0.8% of AlphaCentric Advisors LLC’s holdings, making the stock its 25th biggest holding.

Several other institutional investors have also recently made changes to their positions in BLDR. Daiwa Securities Group Inc. lifted its position in Builders FirstSource by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after purchasing an additional 78 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in Builders FirstSource by 2.0% in the 4th quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock worth $525,000 after purchasing an additional 100 shares during the period. Moors & Cabot Inc. grew its stake in Builders FirstSource by 1.5% during the fourth quarter. Moors & Cabot Inc. now owns 7,388 shares of the company’s stock valued at $760,000 after acquiring an additional 109 shares in the last quarter. Root Financial Partners LLC grew its position in shares of Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Builders FirstSource by 5.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,272 shares of the company’s stock valued at $275,000 after buying an additional 126 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $74.23 on Monday. 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 stock has a market cap of $7.98 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.77 and a beta of 1.42. The stock has a 50-day moving average of $77.24 and a two-hundred day moving average of $92.38.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The firm 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%. Builders FirstSource’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 EPS. As a group, research analysts predict that Builders FirstSource, Inc. will post 4.29 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BLDR. Barclays dropped their price objective on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Stephens cut their price objective on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, April 27th. Wolfe Research raised shares of Builders FirstSource to a “hold” rating in a research report on Thursday, May 14th. Royal Bank Of Canada cut their price target on Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Finally, Oppenheimer set a $121.00 price objective on shares of Builders FirstSource in a research note on Friday, May 1st. Eight equities research 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 data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average target price of $101.45.

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.