Lodge Hill Capital LLC Acquires 135,000 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Lodge Hill Capital LLC boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 179.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,300 shares of the company’s stock after purchasing an additional 135,000 shares during the period. Builders FirstSource comprises approximately 7.8% of Lodge Hill Capital LLC’s investment portfolio, making the stock its biggest position. Lodge Hill Capital LLC’s holdings in Builders FirstSource were worth $29,108,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Westside Investment Management Inc. acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $31,000. ORG Partners LLC bought a new stake in Builders FirstSource in the first quarter valued at approximately $33,000. American Capital Advisory LLC acquired a new stake in Builders FirstSource during the 1st quarter valued at approximately $34,000. Principal Securities Inc. bought a new position in Builders FirstSource during the 4th quarter worth approximately $32,000. Finally, Innealta Capital LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $27,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Tuesday. Robert W. Baird upgraded Builders FirstSource from a “neutral” rating to an “outperform” rating and upped their target price for the company from $185.00 to $190.00 in a research report on Wednesday, August 7th. Bank of America raised their target price on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and boosted their price target for the company from $165.00 to $220.00 in a research note on Monday, September 16th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.00.

Builders FirstSource Trading Down 2.0 %

NYSE BLDR opened at $197.74 on Friday. The business’s fifty day moving average is $167.76 and its 200-day moving average is $171.06. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. The stock has a market capitalization of $24.14 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 10.06 and a beta of 2.06. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.02 by $0.48. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the previous year, the firm posted $3.89 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts predict that Builders FirstSource, Inc. will post 11.65 EPS for the current year.

Builders FirstSource announced that its Board of Directors has approved a share buyback plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Builders FirstSource

In other news, Director Craig Arthur Steinke sold 30,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the transaction, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

Builders FirstSource Profile

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.