Royce & Associates LP Trims Holdings in Builders FirstSource, Inc. $BLDR

Royce & Associates LP trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,121 shares of the company’s stock after selling 10,000 shares during the period. Royce & Associates LP’s holdings in Builders FirstSource were worth $7,523,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Builders FirstSource by 0.6% in the 2nd quarter. State Street Corp now owns 5,026,553 shares of the company’s stock valued at $586,548,000 after purchasing an additional 29,443 shares in the last quarter. Capital International Investors purchased a new position in Builders FirstSource in the 3rd quarter valued at about $429,640,000. Sands Capital Management LLC boosted its stake in Builders FirstSource by 139.1% in the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after buying an additional 1,414,129 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in 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 worth $230,634,000 after buying an additional 2,239,301 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Builders FirstSource by 235.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock worth $229,585,000 after buying an additional 1,328,363 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. DA Davidson decreased their price target on Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Weiss Ratings lowered Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. Benchmark decreased their price target on Builders FirstSource from $138.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. BMO Capital Markets decreased their price target on Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating on the stock in a research note on Monday, May 4th. Finally, Bank of America decreased their price target on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and an average target price of $101.88.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $76.71 on Friday. The stock’s 50-day moving average is $80.85 and its 200-day moving average is $99.18. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 1.86 and a beta of 1.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03.

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

Builders FirstSource declared that its board has approved a share repurchase program on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Builders FirstSource

In other news, Director Paul S. Levy acquired 50,000 shares of the business’s stock in a transaction dated 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 acquisition, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. This trade represents a 2.98% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

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.