Builders FirstSource, Inc. $BLDR Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 58.9% during the 4th quarter, HoldingsChannel reports. The fund owned 29,348 shares of the company’s stock after selling 42,041 shares during the quarter. Natixis Advisors LLC’s holdings in Builders FirstSource were worth $3,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares during the last quarter. Cromwell Holdings LLC boosted its position in shares of Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Builders FirstSource during the 2nd quarter valued at about $38,000. MUFG Securities EMEA plc acquired a new position in shares of Builders FirstSource during the 2nd quarter valued at about $38,000. Finally, IMA Advisory Services Inc. boosted its position in shares of Builders FirstSource by 40.9% during the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after acquiring an additional 103 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Up 6.1%

NYSE BLDR opened at $77.55 on Wednesday. The firm’s 50-day moving average is $79.50 and its two-hundred day moving average is $97.63. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The stock has a market capitalization of $8.34 billion, a P/E ratio of 29.71, a PEG ratio of 1.75 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last posted 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 company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.51 EPS. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on BLDR. Weiss Ratings cut shares of Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Barclays decreased their target price on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Royal Bank Of Canada decreased their target price on shares of Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Stifel Nicolaus decreased their target price on shares of Builders FirstSource from $115.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, March 16th. Finally, DA Davidson decreased their target price on shares of Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $101.88.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy purchased 50,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the purchase, the director directly owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.

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.