LSV Asset Management Sells 139,957 Shares of Builders FirstSource, Inc. $BLDR

LSV Asset Management trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 98.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the company’s stock after selling 139,957 shares during the period. LSV Asset Management’s holdings in Builders FirstSource were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in shares of Builders FirstSource by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after buying an additional 78 shares during the period. Aprio Wealth Management LLC raised its holdings in Builders FirstSource by 2.7% during the third quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock worth $446,000 after acquiring an additional 98 shares in the last quarter. Ramirez Asset Management Inc. raised its holdings in Builders FirstSource by 25.0% during the third quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock worth $61,000 after acquiring an additional 100 shares in the last quarter. IMA Advisory Services Inc. raised its holdings in Builders FirstSource by 40.9% during the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. Finally, Raiffeisen Bank International AG raised its holdings in Builders FirstSource by 10.0% during the third quarter. Raiffeisen Bank International AG now owns 1,325 shares of the company’s stock worth $158,000 after acquiring an additional 120 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLDR has been the topic of several analyst reports. Bank of America dropped their target price on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Robert W. Baird dropped their target price on Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft dropped their target price on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Oppenheimer set a $121.00 target price on Builders FirstSource in a report on Friday, May 1st. Finally, Zacks Research lowered Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Nine equities research 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’s stock. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average target price of $101.88.

Builders FirstSource Trading Up 3.9%

Shares of BLDR stock opened at $77.32 on Thursday. The stock’s fifty day moving average price is $81.13 and its two-hundred day moving average price is $99.41. The company has a market cap of $8.32 billion, a PE ratio of 29.62, a P/E/G ratio of 1.78 and a beta of 1.49. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the business earned $1.51 EPS. The company’s revenue was down 10.1% compared to the same quarter last year. Equities analysts predict that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

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

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of the stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the transaction, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. The trade was a 2.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.

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.