Builders FirstSource, Inc. $BLDR Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,817,958 shares of the company’s stock after acquiring an additional 14,420 shares during the period. Geode Capital Management LLC’s holdings in Builders FirstSource were worth $288,789,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Cromwell Holdings LLC lifted its holdings in Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after buying an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after buying an additional 132 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Builders FirstSource during the 3rd quarter worth about $34,000. CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource during the 2nd quarter worth about $38,000. Finally, MUFG Securities EMEA plc purchased a new stake in Builders FirstSource during the 2nd quarter worth about $38,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BLDR. 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 report on Friday, May 1st. Robert W. Baird decreased their price target on Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. Zacks Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. UBS Group reduced their target price on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Wolfe Research raised Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $101.88.

Insider Transactions at Builders FirstSource

In related news, Director Paul S. Levy purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, 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 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 company insiders.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $75.71 on Tuesday. The stock has a market capitalization of $8.14 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 1.83 and a beta of 1.45. Builders FirstSource, Inc. has a 52-week low of $65.10 and a 52-week high of $151.03. The stock’s 50-day moving average price is $80.47 and its 200 day moving average price is $98.74. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 was down 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.51 EPS. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource declared that its Board of Directors has initiated a share repurchase program on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

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.