UBS Group AG Decreases Stock Holdings in Builders FirstSource, Inc. $BLDR

UBS Group AG trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 516,311 shares of the company’s stock after selling 39,659 shares during the quarter. UBS Group AG’s holdings in Builders FirstSource were worth $53,123,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Tran Capital Management L.P. increased its stake in shares of Builders FirstSource by 2,930.4% during the third quarter. Tran Capital Management L.P. now owns 102,154 shares of the company’s stock valued at $12,386,000 after buying an additional 98,783 shares during the period. Strs Ohio increased its stake in shares of Builders FirstSource by 24.0% during the third quarter. Strs Ohio now owns 118,594 shares of the company’s stock valued at $14,380,000 after buying an additional 22,926 shares during the period. Candriam S.C.A. increased its stake in shares of Builders FirstSource by 28.9% during the third quarter. Candriam S.C.A. now owns 53,085 shares of the company’s stock valued at $6,437,000 after buying an additional 11,891 shares during the period. Eagle Global Advisors LLC increased its stake in shares of Builders FirstSource by 46.3% during the fourth quarter. Eagle Global Advisors LLC now owns 60,242 shares of the company’s stock valued at $6,198,000 after buying an additional 19,062 shares during the period. Finally, Fieldview Capital Management LLC purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $2,944,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BLDR. Jefferies Financial Group reduced their target price on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Monday. BMO Capital Markets reduced their target price on Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating on the stock in a report on Monday. Loop Capital reduced their target price on Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating on the stock in a report on Monday. Finally, Weiss Ratings downgraded Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $101.88.

Builders FirstSource Price Performance

Shares of BLDR opened at $74.56 on Wednesday. The stock has a market cap of $8.02 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.76 and a beta of 1.49. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. Builders FirstSource, Inc. has a fifty-two week low of $73.40 and a fifty-two week high of $151.03. The firm’s 50-day simple moving average is $88.51 and its two-hundred day simple moving average is $104.41.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The business had revenue of $3.29 billion during 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%.Builders FirstSource’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.51 EPS. Analysts anticipate that Builders FirstSource, Inc. will post 4.49 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the acquisition, the director owned 1,727,191 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.70% of the company’s stock.

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.