Builders FirstSource, Inc. $BLDR Shares Sold by Swedbank AB

Swedbank AB reduced its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 63.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 21,681 shares of the company’s stock after selling 37,561 shares during the period. Swedbank AB’s holdings in Builders FirstSource were worth $1,785,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 acquiring an additional 2,239,301 shares during the period. Norges Bank purchased a new stake in Builders FirstSource during the fourth quarter worth about $109,269,000. Boston Partners lifted its position in shares of Builders FirstSource by 73.0% during the third quarter. Boston Partners now owns 1,852,292 shares of the company’s stock worth $224,627,000 after purchasing an additional 781,506 shares in the last quarter. Coliseum Capital Management LLC acquired a new stake in shares of Builders FirstSource during the fourth quarter worth about $80,321,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Builders FirstSource by 37.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,641,809 shares of the company’s stock worth $271,816,000 after purchasing an additional 725,905 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wolfe Research upgraded shares of Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. The Goldman Sachs Group reduced their target price on shares of Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. Bank of America decreased their price target on shares of Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded Builders FirstSource from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average price target of $101.88.

Builders FirstSource Stock Up 1.6%

Shares of BLDR stock traded up $1.21 during trading hours on Friday, reaching $75.75. 1,267,583 shares of the stock were exchanged, compared to its average volume of 2,185,195. The business’s fifty day moving average is $77.52 and its two-hundred day moving average is $93.44. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. The firm has a market capitalization of $8.15 billion, a P/E ratio of 29.02, a P/E/G ratio of 1.79 and a beta of 1.42.

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). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the prior year, the firm earned $1.51 EPS. The firm’s revenue was down 10.1% compared to the same quarter last year. As a group, research analysts expect that Builders FirstSource, Inc. will post 4.32 EPS for the current fiscal year.

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

Builders FirstSource 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.