Sands Capital Management LLC Has $283.77 Million Stock Holdings in Builders FirstSource, Inc. $BLDR

Sands Capital Management LLC raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 13.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,757,969 shares of the company’s stock after acquiring an additional 327,067 shares during the quarter. Sands Capital Management LLC’s holdings in Builders FirstSource were worth $283,767,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. State Street Corp boosted its holdings in shares of Builders FirstSource by 2.3% in the 4th quarter. State Street Corp now owns 5,108,120 shares of the company’s stock valued at $525,574,000 after purchasing an additional 115,857 shares in the last quarter. Capital International Investors acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at $429,640,000. Geode Capital Management LLC boosted its holdings in shares of Builders FirstSource by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after purchasing an additional 14,420 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Builders FirstSource by 37.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,641,809 shares of the company’s stock valued at $271,816,000 after purchasing an additional 725,905 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Builders FirstSource by 99,084.1% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.1%

NYSE BLDR opened at $77.81 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 1.86 and a beta of 1.45. The business’s fifty day moving average is $79.28 and its 200 day moving average is $97.17.

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

Builders FirstSource announced that its board has authorized a stock buyback plan on Thursday, April 30th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

BLDR has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Jefferies Financial Group cut their target price on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. William Blair started coverage on shares of Builders FirstSource in a research report on Thursday, February 26th. They issued an “outperform” rating on the stock. UBS Group cut their target price on shares of Builders FirstSource from $143.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, Stifel Nicolaus cut their price objective on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating on the stock in a report on Monday, March 16th. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.