Wasatch Advisors LP Sells 7,100 Shares of Builders FirstSource, Inc. $BLDR

Wasatch Advisors LP lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 39.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 10,805 shares of the company’s stock after selling 7,100 shares during the period. Wasatch Advisors LP’s holdings in Builders FirstSource were worth $967,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in Builders FirstSource by 2.3% during the fourth quarter. State Street Corp now owns 5,108,120 shares of the company’s stock worth $525,574,000 after buying an additional 115,857 shares during the last quarter. Wellington Management Group LLP boosted its position in Builders FirstSource by 2.3% during the fourth quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock valued at $341,265,000 after acquiring an additional 73,835 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after acquiring an additional 325,935 shares during the last quarter. Geode Capital Management LLC boosted its position in Builders FirstSource by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after acquiring an additional 14,420 shares during the last quarter. Finally, Sands Capital Management LLC grew its holdings in Builders FirstSource by 13.5% during the 4th quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock worth $283,767,000 after acquiring an additional 327,067 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

BLDR stock opened at $72.37 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The company’s 50-day moving average is $76.64 and its 200-day moving average is $86.65. The stock has a market capitalization of $7.79 billion, a PE ratio of 79.53, a price-to-earnings-growth ratio of 2.44 and a beta of 1.44. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm earned $2.38 earnings per share. The business’s quarterly revenue was down 8.8% on a year-over-year basis. Equities research analysts expect that Builders FirstSource, Inc. will post 3.15 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share repurchase program on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Oppenheimer lowered their price objective on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Bank of America decreased their target price on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Raymond James Financial dropped their price target on Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. Truist Financial cut their price target on Builders FirstSource from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Weiss Ratings downgraded shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $90.35.

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.