Builders FirstSource, Inc. $BLDR Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,836,613 shares of the company’s stock after selling 17,912 shares during the quarter. Franklin Resources Inc.’s holdings in Builders FirstSource were worth $188,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLDR. Integrated Wealth Concepts LLC lifted its holdings in shares of Builders FirstSource by 9.3% during the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after purchasing an additional 295 shares during the period. Woodline Partners LP lifted its holdings in shares of Builders FirstSource by 40.7% during the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,812 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Builders FirstSource by 180.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock worth $185,000 after purchasing an additional 1,017 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Builders FirstSource by 230.7% during the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after purchasing an additional 13,215 shares during the period. Finally, Jump Financial LLC lifted its holdings in shares of Builders FirstSource by 144.1% during the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock worth $843,000 after purchasing an additional 4,264 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of research reports. UBS Group decreased their target price on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a report on Friday, May 1st. KeyCorp reduced their price target on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Wolfe Research upgraded Builders FirstSource to a “hold” rating in a research report on Thursday, May 14th. Benchmark reduced their price target on Builders FirstSource from $138.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Barclays reduced their price target on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $101.88.

Insider Activity at Builders FirstSource

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

Builders FirstSource Stock Up 6.1%

Shares of BLDR stock opened at $77.55 on Wednesday. The stock has a 50 day moving average of $79.50 and a 200 day moving average of $97.63. 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 stock has a market cap of $8.34 billion, a P/E ratio of 29.71, a P/E/G ratio of 1.75 and a beta of 1.44. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results 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). The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.51 earnings per share. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

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

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.