Builders FirstSource, Inc. $BLDR Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 44.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 64,385 shares of the company’s stock after selling 52,072 shares during the quarter. Quantinno Capital Management LP’s holdings in Builders FirstSource were worth $5,301,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 worth $230,634,000 after acquiring an additional 2,239,301 shares in the last quarter. Norges Bank purchased a new position in shares of Builders FirstSource in the 4th quarter valued at $109,269,000. Boston Partners lifted its holdings in shares of Builders FirstSource by 73.0% during the 3rd quarter. Boston Partners now owns 1,852,292 shares of the company’s stock valued at $224,627,000 after acquiring an additional 781,506 shares in the last quarter. Coliseum Capital Management LLC purchased a new stake in Builders FirstSource during the 4th quarter worth $80,321,000. Finally, Dimensional Fund Advisors LP boosted its position in Builders FirstSource by 37.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,641,809 shares of the company’s stock worth $271,816,000 after purchasing an additional 725,905 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BLDR. UBS Group lowered their price target on Builders FirstSource from $122.00 to $88.00 and set a “buy” rating for the company in a report on Friday, July 31st. Benchmark lowered their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings downgraded Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Stifel Nicolaus reduced their price target on Builders FirstSource from $76.00 to $70.00 and set a “hold” rating on the stock in a research report on Thursday, July 23rd. Finally, Stephens decreased their price target on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, April 27th. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $72.39 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The company’s fifty day moving average price is $76.79 and its two-hundred day moving average price is $88.12. The firm has a market capitalization of $7.79 billion, a P/E ratio of 79.55, a P/E/G ratio of 2.46 and a beta of 1.44. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the business earned $2.38 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. On average, research analysts anticipate that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback plan on Thursday, April 30th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Builders FirstSource Company 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.