O Shaughnessy Asset Management LLC Sells 121,099 Shares of Builders FirstSource, Inc. $BLDR

O Shaughnessy Asset Management LLC lowered its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 58.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 87,587 shares of the company’s stock after selling 121,099 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Builders FirstSource were worth $9,012,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLDR. Capital International Investors bought a new position in Builders FirstSource during the third quarter worth about $429,640,000. Northwestern Mutual Wealth Management Co. grew its holdings in Builders FirstSource by 99,084.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after purchasing an additional 2,239,301 shares during the period. Franklin Resources Inc. grew its holdings in Builders FirstSource by 2,498.8% during the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock worth $224,861,000 after purchasing an additional 1,783,164 shares during the period. Sands Capital Management LLC grew its holdings in Builders FirstSource by 139.1% during the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after purchasing an additional 1,414,129 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Builders FirstSource by 235.1% during the third quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock worth $229,585,000 after purchasing an additional 1,328,363 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 3.5%

Shares of BLDR stock opened at $74.79 on Thursday. The firm has a 50 day moving average price of $79.42 and a two-hundred day moving average price of $97.49. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $8.04 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.86 and a beta of 1.44. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The company’s revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the business earned $1.51 earnings per share. As a group, analysts predict that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has initiated a stock buyback program on Thursday, April 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their price target on Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. UBS Group reduced their price target on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a report on Friday, May 1st. Zacks Research cut Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Wells Fargo & Company reduced their price target on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Finally, Loop Capital reduced their price target on Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $101.88.

Insider Transactions at Builders FirstSource

In related news, Director Paul S. Levy acquired 50,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $87.73 per share, for a total transaction 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 approximately $151,526,466.43. The trade was a 2.98% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by company insiders.

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.