Westfield Capital Management Co. LP Sells 140,335 Shares of Builders FirstSource, Inc. $BLDR

Westfield Capital Management Co. LP decreased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 22.8% during the 4th quarter, Holdings Channel reports. The firm owned 475,697 shares of the company’s stock after selling 140,335 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Builders FirstSource were worth $48,944,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BLDR. Cromwell Holdings LLC grew its holdings in shares of 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. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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. TD Waterhouse Canada Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth about $34,000. MUFG Securities EMEA plc bought a new position in shares of Builders FirstSource in the second quarter valued at about $38,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Builders FirstSource in the second quarter valued at about $38,000. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BLDR shares. The Goldman Sachs Group cut their price target on Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. Stephens cut 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. Robert W. Baird cut their price target on Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. Raymond James Financial cut their price target on Builders FirstSource from $140.00 to $100.00 in a report on Friday, May 1st. Finally, Truist Financial cut their price target on Builders FirstSource from $145.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Hold” and a consensus price target of $101.88.

Insider Activity

In related news, Director Paul S. Levy bought 50,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $73.57 on Friday. The stock has a 50-day moving average price of $79.73 and a 200 day moving average price of $97.94. 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 market cap of $7.91 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 1.80 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 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 analyst estimates of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.Builders FirstSource’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 earnings per share. Research analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource declared that its board has initiated a stock buyback program on Thursday, April 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management 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.