Builders FirstSource, Inc. (NYSE:BLDR) Stake Cut by Cwm LLC

Cwm LLC cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 37.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,934 shares of the company’s stock after selling 1,766 shares during the quarter. Cwm LLC’s holdings in Builders FirstSource were worth $367,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sentry Investment Management LLC acquired a new stake in Builders FirstSource in the first quarter worth $40,000. CX Institutional acquired a new stake in Builders FirstSource in the first quarter worth $45,000. New Age Alpha Advisors LLC acquired a new stake in Builders FirstSource in the fourth quarter worth $74,000. Mather Group LLC. increased its position in Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock worth $74,000 after buying an additional 98 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Builders FirstSource in the first quarter worth $95,000. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stephens dropped their target price on Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus lowered their price target on Builders FirstSource from $125.00 to $118.00 and set a “hold” rating on the stock in a report on Monday, May 5th. BMO Capital Markets lowered their price target on Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating on the stock in a report on Monday, May 5th. Wedbush lowered their price target on Builders FirstSource from $190.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, June 20th. Finally, Zelman & Associates reissued an “underperform” rating on shares of Builders FirstSource in a report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $159.42.

Insider Transactions at Builders FirstSource

In related news, Director Dirkson R. Charles purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $109.67 per share, with a total value of $548,350.00. Following the purchase, the director owned 5,000 shares of the company’s stock, valued at $548,350. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul S. Levy purchased 283,517 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average cost of $111.21 per share, for a total transaction of $31,529,925.57. Following the purchase, the director directly owned 1,672,687 shares in the company, valued at $186,019,521.27. This represents a 20.41% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 505,000 shares of company stock worth $56,032,120 in the last three months. 2.00% of the stock is currently owned by company insiders.

Builders FirstSource Price Performance

NYSE:BLDR opened at $136.49 on Friday. The business’s 50-day moving average price is $118.61 and its 200 day moving average price is $129.61. The firm has a market cap of $15.08 billion, a P/E ratio of 17.50, a PEG ratio of 12.14 and a beta of 1.69. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. Builders FirstSource’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.65 earnings per share. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Builders FirstSource Company Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.