Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 4.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,891 shares of the company’s stock after selling 300 shares during the quarter. Securian Asset Management Inc.’s holdings in Builders FirstSource were worth $954,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Builders FirstSource by 15.7% in the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after buying an additional 1,985,297 shares in the last quarter. Norges Bank purchased a new position in Builders FirstSource in the fourth quarter valued at about $212,209,000. Boston Partners boosted its holdings in Builders FirstSource by 73.5% in the fourth quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after purchasing an additional 578,961 shares during the last quarter. Bessemer Group Inc. grew its stake in Builders FirstSource by 477,028.7% during the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after purchasing an additional 448,407 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Builders FirstSource by 152.9% during the 4th quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock worth $81,628,000 after purchasing an additional 295,643 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Benchmark reduced their target price on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Stifel Nicolaus reduced their price objective on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday. Baird R W raised shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Bank of America cut shares of Builders FirstSource from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $183.00 to $180.00 in a research report on Friday, August 2nd. Finally, Robert W. Baird upgraded Builders FirstSource from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $185.00 to $190.00 in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.47.

Builders FirstSource Stock Performance

Shares of BLDR traded down $1.62 during midday trading on Monday, hitting $153.89. 755,642 shares of the stock traded hands, compared to its average volume of 1,642,446. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. Builders FirstSource, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70. The business’s 50 day moving average price is $149.36 and its two-hundred day moving average price is $173.15. The firm has a market capitalization of $18.78 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 2.57 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. The firm had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.48 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. Builders FirstSource’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.89 EPS. Equities research analysts predict that Builders FirstSource, Inc. will post 12.91 EPS for the current fiscal year.

Builders FirstSource announced that its board has authorized a stock repurchase program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Builders FirstSource

In related news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the sale, the insider now directly owns 30,106 shares in the company, valued at $4,794,380.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the sale, the insider now directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

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.