Investment House LLC Sells 12,950 Shares of Builders FirstSource, Inc. $BLDR

Investment House LLC decreased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 27.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,132 shares of the company’s stock after selling 12,950 shares during the period. Investment House LLC’s holdings in Builders FirstSource were worth $3,512,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BLDR. Capital International Investors bought a new position in shares of Builders FirstSource in the 3rd quarter valued at $429,640,000. Northwestern Mutual Wealth Management Co. increased its holdings in Builders FirstSource by 99,084.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after purchasing an additional 2,239,301 shares during the period. Franklin Resources Inc. increased its holdings in Builders FirstSource by 2,498.8% in the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock valued at $224,861,000 after purchasing an additional 1,783,164 shares during the period. Sands Capital Management LLC increased its holdings in Builders FirstSource by 139.1% in the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock valued at $294,747,000 after purchasing an additional 1,414,129 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Builders FirstSource by 235.1% in the third quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock valued at $229,585,000 after purchasing an additional 1,328,363 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $66.39 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $83.06 and a two-hundred day moving average price of $101.00. Builders FirstSource, Inc. has a 1-year low of $66.14 and a 1-year high of $151.03. The company has a market cap of $7.14 billion, a P/E ratio of 25.44, a PEG ratio of 1.68 and a beta of 1.49.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the previous year, the business posted $1.51 earnings per share. The business’s revenue was down 10.1% on a year-over-year basis. As a group, analysts anticipate that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource announced that its Board of Directors has authorized a share buyback program on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Builders FirstSource news, Director Paul S. Levy purchased 50,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the acquisition, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. The trade was a 2.98% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on BLDR shares. Barclays decreased their price objective on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a report on Friday, May 1st. DA Davidson decreased their price objective on Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Bank of America decreased their price objective on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Robert W. Baird decreased their price objective on Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.88.

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.