Builders FirstSource, Inc. $BLDR Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 553,377 shares of the company’s stock after selling 42,647 shares during the period. Legal & General Group Plc’s holdings in Builders FirstSource were worth $56,937,000 as of its most recent SEC filing.

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

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $76.20 on Friday. The firm has a market cap of $8.20 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 1.84 and a beta of 1.49. The firm’s 50-day simple moving average is $80.64 and its 200-day simple moving average is $99.01. 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 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, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The business’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. Equities analysts forecast that Builders FirstSource, Inc. will post 4.26 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a share repurchase plan on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 5.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, Director Paul S. Levy bought 50,000 shares of the business’s stock in a transaction dated 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 purchase, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays cut their price objective on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Loop Capital cut their price objective on shares of Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. UBS Group cut their price objective on shares of Builders FirstSource from $143.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, William Blair assumed coverage on shares of Builders FirstSource in a report on Thursday, February 26th. They issued an “outperform” rating on the stock. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $101.88.

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.