Builders FirstSource, Inc. $BLDR Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. reduced its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 37.4% in the first quarter, HoldingsChannel.com reports. The firm owned 44,473 shares of the company’s stock after selling 26,516 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Builders FirstSource were worth $3,649,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BLDR. Capital International Investors bought a new stake in Builders FirstSource in the third quarter worth about $429,640,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Builders FirstSource by 99,084.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after purchasing an additional 2,239,301 shares in the last quarter. Franklin Resources Inc. lifted its stake in Builders FirstSource by 2,498.8% during the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock valued at $224,861,000 after purchasing an additional 1,783,164 shares during the last quarter. Sands Capital Management LLC increased its holdings in shares of Builders FirstSource by 139.1% in the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock valued at $294,747,000 after buying an additional 1,414,129 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Builders FirstSource during the 4th quarter worth $109,269,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 4.7%

BLDR traded down $3.90 on Tuesday, reaching $78.43. 454,403 shares of the company traded hands, compared to its average volume of 2,455,836. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.03 and a beta of 1.42. 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 stock’s 50 day moving average price is $78.48 and its 200-day moving average price is $94.17. Builders FirstSource, Inc. has a 52-week low of $65.10 and a 52-week high of $151.03.

Builders FirstSource (NYSE:BLDR) last released its 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 during the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.51 EPS. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a share repurchase plan on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms recently weighed in on BLDR. Bank of America decreased their price target on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Stephens decreased 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 target price 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. The Goldman Sachs Group cut their price target on shares of Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. Finally, Loop Capital reduced their price target on shares of Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $101.88.

Builders FirstSource Company 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.