Lodge Hill Capital LLC Increases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Lodge Hill Capital LLC grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 179.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,300 shares of the company’s stock after buying an additional 135,000 shares during the quarter. Builders FirstSource accounts for about 7.8% of Lodge Hill Capital LLC’s investment portfolio, making the stock its biggest holding. Lodge Hill Capital LLC owned about 0.17% of Builders FirstSource worth $29,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Westside Investment Management Inc. bought a new stake in Builders FirstSource in the 1st quarter valued at approximately $31,000. ORG Partners LLC bought a new stake in shares of Builders FirstSource in the first quarter worth $33,000. American Capital Advisory LLC acquired a new position in Builders FirstSource during the first quarter worth $34,000. Principal Securities Inc. bought a new position in Builders FirstSource in the fourth quarter valued at $32,000. Finally, Innealta Capital LLC acquired a new stake in Builders FirstSource in the 2nd quarter valued at $27,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays reduced their price objective on shares of Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Stifel Nicolaus decreased their price target on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Bank of America boosted their price target on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and boosted their target price for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and an average target price of $190.00.

Insider Activity

In related news, Director Craig Arthur Steinke sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the transaction, the director now directly owns 95,333 shares in the company, valued at approximately $14,650,775.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Down 2.0 %

BLDR stock opened at $197.74 on Friday. The company has a market cap of $24.14 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 10.06 and a beta of 2.06. 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 52 week low of $105.24 and a 52 week high of $214.70. The business has a 50-day simple moving average of $167.76 and a 200 day simple moving average of $171.06.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.48. The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.89 earnings per share. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.65 EPS for the current fiscal year.

Builders FirstSource declared that its board has initiated a stock buyback plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.