Capital International Investors Cuts Holdings in Builders FirstSource, Inc. $BLDR

Capital International Investors trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,526,676 shares of the company’s stock after selling 1,016,744 shares during the quarter. Capital International Investors’ holdings in Builders FirstSource were worth $259,970,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its holdings in Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 132 shares during the period. Cromwell Holdings LLC increased its holdings in Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after buying an additional 225 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Builders FirstSource during the second quarter valued at approximately $38,000. MUFG Securities EMEA plc purchased a new position in Builders FirstSource during the second quarter valued at approximately $38,000. Finally, IMA Advisory Services Inc. increased its holdings in Builders FirstSource by 40.9% during the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after buying an additional 103 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wolfe Research raised shares of Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. KeyCorp reduced their price objective on shares of Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. DA Davidson reduced their price objective on shares of Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, Truist Financial reduced their price objective on shares of Builders FirstSource from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $101.88.

Builders FirstSource Stock Down 0.6%

NYSE:BLDR opened at $73.17 on Tuesday. The company has a market cap of $7.87 billion, a PE ratio of 28.03, a P/E/G ratio of 1.77 and a beta of 1.45. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The company’s 50 day moving average is $79.55 and its two-hundred day moving average is $97.76.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.12). The company had revenue of $3.29 billion for 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 revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 EPS. Analysts anticipate that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource announced 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 purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy acquired 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, with a total value of $4,386,500.00. Following the acquisition, the director directly owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. The trade was a 2.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 2.70% of the stock is owned by company insiders.

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.