Oppenheimer & Co. Inc. Sells 9,975 Shares of Builders FirstSource, Inc. $BLDR

Oppenheimer & Co. Inc. lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 59.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,864 shares of the company’s stock after selling 9,975 shares during the period. Oppenheimer & Co. Inc.’s holdings in Builders FirstSource were worth $706,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares during the last quarter. Cromwell Holdings LLC raised its position in Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in Builders FirstSource in the 3rd quarter worth approximately $34,000. CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth $38,000. Finally, MUFG Securities EMEA plc acquired a new stake in Builders FirstSource during the 2nd quarter worth $38,000. Institutional investors own 95.53% of the company’s stock.

Insider Activity

In other news, Director Paul S. Levy purchased 50,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the acquisition, the director directly owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on BLDR shares. Bank of America lowered their target price on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Royal Bank Of Canada lowered their target price on shares of Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Jefferies Financial Group lowered their target price on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a report on Monday. William Blair started coverage on shares of Builders FirstSource in a report on Thursday, February 26th. They set an “outperform” rating for the company. Finally, Robert W. Baird lowered their target price on shares of Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.88.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $79.73 on Friday. Builders FirstSource, Inc. has a 12-month low of $73.40 and a 12-month high of $151.03. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.27 and a beta of 1.49. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. The firm has a fifty day moving average of $87.36 and a 200-day moving average of $103.81.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the firm earned $1.51 EPS. Builders FirstSource’s quarterly revenue was down 10.1% on a year-over-year basis. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

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

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.