Wasatch Advisors LP Sells 7,100 Shares of Builders FirstSource, Inc. $BLDR

Wasatch Advisors LP reduced its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 39.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,805 shares of the company’s stock after selling 7,100 shares during the quarter. Wasatch Advisors LP’s holdings in Builders FirstSource were worth $967,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings in Builders FirstSource by 167.1% during 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 in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Builders FirstSource in the second quarter valued at approximately $38,000. MUFG Securities EMEA plc bought a new position in shares of Builders FirstSource in the second quarter valued at approximately $38,000. Sunbelt Securities Inc. boosted its position in shares of Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after buying an additional 175 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of analyst reports. Barclays lowered their price target on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. KeyCorp cut their price objective on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Stephens lowered their target price on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, April 27th. Jefferies Financial Group dropped their price target on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Finally, Weiss Ratings cut shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.35.

Builders FirstSource Stock Down 3.6%

BLDR stock opened at $72.37 on Thursday. The stock’s fifty day simple moving average is $76.64 and its two-hundred day simple moving average is $86.65. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03. The stock has a market cap of $7.79 billion, a P/E ratio of 79.53, a P/E/G ratio of 2.44 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.38 earnings per share. Analysts expect that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Builders FirstSource declared that its board has authorized a share buyback plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually an indication 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.