Cinctive Capital Management LP Trims Stock Holdings in Builders FirstSource, Inc. $BLDR

Cinctive Capital Management LP cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 83.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,869 shares of the company’s stock after selling 66,865 shares during the quarter. Cinctive Capital Management LP’s holdings in Builders FirstSource were worth $1,560,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Tran Capital Management L.P. raised its holdings in Builders FirstSource by 2,930.4% in the third quarter. Tran Capital Management L.P. now owns 102,154 shares of the company’s stock valued at $12,386,000 after acquiring an additional 98,783 shares in the last quarter. Strs Ohio boosted its stake in Builders FirstSource by 24.0% during the 3rd quarter. Strs Ohio now owns 118,594 shares of the company’s stock valued at $14,380,000 after acquiring an additional 22,926 shares during the last quarter. Seizert Capital Partners LLC grew its holdings in Builders FirstSource by 0.9% during the 2nd quarter. Seizert Capital Partners LLC now owns 300,990 shares of the company’s stock worth $35,123,000 after acquiring an additional 2,799 shares in the last quarter. Candriam S.C.A. grew its holdings in Builders FirstSource by 28.9% during the 3rd quarter. Candriam S.C.A. now owns 53,085 shares of the company’s stock worth $6,437,000 after acquiring an additional 11,891 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter worth about $8,925,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. BMO Capital Markets lowered their price objective on Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating for the company in a report on Friday, February 20th. Jefferies Financial Group cut their price objective on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. Zacks Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Finally, Royal Bank Of Canada upgraded Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 target price for the company in a research report on Thursday, March 5th. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $126.65.

Builders FirstSource Trading Down 1.2%

NYSE BLDR opened at $87.05 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. Builders FirstSource, Inc. has a one year low of $86.18 and a one year high of $151.03. The company has a 50-day simple moving average of $112.46 and a 200-day simple moving average of $115.52. The firm has a market capitalization of $9.63 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.13 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the company earned $2.31 EPS. Builders FirstSource’s revenue was down 12.1% compared to the same quarter last year. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Insider Activity at Builders FirstSource

In related news, Director Paul S. Levy purchased 50,000 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

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.