Clearbridge Investments LLC Sells 245,564 Shares of Builders FirstSource, Inc. $BLDR

Clearbridge Investments LLC lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 27.6% during the fourth quarter, Holdings Channel reports. The firm owned 643,937 shares of the company’s stock after selling 245,564 shares during the period. Clearbridge Investments LLC’s holdings in Builders FirstSource were worth $66,255,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BLDR. Integrated Wealth Concepts LLC lifted its holdings in shares of 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 purchasing an additional 295 shares in the last quarter. Woodline Partners LP increased its position in shares of Builders FirstSource by 40.7% during the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after acquiring an additional 2,812 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Builders FirstSource by 180.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock valued at $185,000 after acquiring an additional 1,017 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Builders FirstSource by 230.7% during the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock valued at $2,210,000 after acquiring an additional 13,215 shares during the last quarter. Finally, Jump Financial LLC increased its position in shares of Builders FirstSource by 144.1% during the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after acquiring an additional 4,264 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $73.17 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The business has a fifty day simple moving average of $79.55 and a two-hundred day simple moving average of $97.76. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03. The company has a market capitalization of $7.87 billion, a P/E ratio of 28.03, a P/E/G ratio of 1.77 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last released its 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 period in the prior year, the business earned $1.51 earnings per share. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, analysts expect that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

Builders FirstSource announced that its board has initiated a share buyback program on Thursday, April 30th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Builders FirstSource

In other news, Director Paul S. Levy bought 50,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the transaction, the director directly owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This represents a 2.98% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. KeyCorp decreased their price target on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Jefferies Financial Group decreased their price target on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Raymond James Financial decreased their price target on Builders FirstSource from $140.00 to $100.00 in a research report on Friday, May 1st. DA Davidson decreased their price target on Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $101.88.

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.