Builders FirstSource, Inc. $BLDR Stock Holdings Lessened by Cercano Management LLC

Cercano Management LLC lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,128 shares of the company’s stock after selling 9,172 shares during the quarter. Cercano Management LLC’s holdings in Builders FirstSource were worth $5,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its stake in Builders FirstSource by 9.3% in the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after acquiring an additional 295 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Builders FirstSource by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after purchasing an additional 2,812 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Builders FirstSource by 180.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock worth $185,000 after purchasing an additional 1,017 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Builders FirstSource by 230.7% in the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after purchasing an additional 13,215 shares in the last quarter. Finally, Jump Financial LLC increased its position in Builders FirstSource by 144.1% during the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock worth $843,000 after buying an additional 4,264 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

In other news, Director Paul S. Levy purchased 50,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the purchase, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. The trade was a 2.98% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the subject of several analyst reports. Stephens reduced their target price on Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, April 27th. Zacks Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Benchmark dropped their price target on shares of Builders FirstSource from $138.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Raymond James Financial decreased their price objective on shares of Builders FirstSource from $140.00 to $100.00 in a report on Friday, May 1st. Finally, KeyCorp lowered their target price on shares of Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $101.88.

Builders FirstSource Trading Down 0.7%

BLDR stock opened at $75.71 on Tuesday. The business has a fifty day moving average price of $80.47 and a 200 day moving average price of $98.74. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 29.01, a P/E/G ratio of 1.83 and a beta of 1.45. 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 (NYSE:BLDR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The firm’s revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.51 EPS. Analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource declared that its board has approved a share repurchase program on Thursday, April 30th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

About Builders FirstSource

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.