Sands Capital Management LLC Acquires 327,067 Shares of Builders FirstSource, Inc. $BLDR

Sands Capital Management LLC grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,757,969 shares of the company’s stock after purchasing an additional 327,067 shares during the quarter. Sands Capital Management LLC owned about 2.49% of Builders FirstSource worth $283,767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in shares of Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares during the last quarter. Cromwell Holdings LLC grew its position in shares of Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after purchasing an additional 225 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Builders FirstSource in the second quarter valued at approximately $38,000. MUFG Securities EMEA plc acquired a new position in shares of Builders FirstSource in the second quarter valued at approximately $38,000. Finally, Transamerica Financial Advisors LLC grew its position in shares of Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on BLDR shares. Wells Fargo & Company decreased their target price on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, May 1st. Loop Capital decreased their target price on Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. Zacks Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Jefferies Financial Group decreased their target price on 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, The Goldman Sachs Group decreased their target price on Builders FirstSource from $110.00 to $101.00 in a research report 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 given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $101.88.

Builders FirstSource Trading Up 0.1%

Shares of NYSE:BLDR opened at $77.81 on Monday. The company has a market capitalization of $8.37 billion, a P/E ratio of 29.81, a P/E/G ratio of 1.86 and a beta of 1.45. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The business’s 50 day simple moving average is $79.28 and its 200 day simple moving average is $97.17.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The company had revenue of $3.29 billion for 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%.The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.51 EPS. On average, research analysts anticipate that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a share buyback program on Thursday, April 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is 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.