Regents Gate Capital LLP Sells 32,888 Shares of Builders FirstSource, Inc. $BLDR

Regents Gate Capital LLP cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 91.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,887 shares of the company’s stock after selling 32,888 shares during the quarter. Regents Gate Capital LLP’s holdings in Builders FirstSource were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. State Street Corp grew its holdings in Builders FirstSource by 0.6% during the second quarter. State Street Corp now owns 5,026,553 shares of the company’s stock worth $586,548,000 after buying an additional 29,443 shares in the last quarter. Capital International Investors bought a new position in Builders FirstSource during the 3rd quarter valued at $429,640,000. Geode Capital Management LLC lifted its stake in Builders FirstSource by 0.5% during the 4th 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 in the last quarter. Sands Capital Management LLC boosted its holdings in Builders FirstSource by 139.1% during the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after acquiring an additional 1,414,129 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Builders FirstSource by 99,084.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after acquiring an additional 2,239,301 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $115.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, March 16th. The Goldman Sachs Group dropped their price objective on Builders FirstSource from $110.00 to $101.00 in a research note on Friday, May 1st. Royal Bank Of Canada reduced their price objective on Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Robert W. Baird decreased their target price on Builders FirstSource from $125.00 to $95.00 in a research report on Friday, May 1st. Finally, Zacks Research lowered Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.88.

Builders FirstSource Stock Up 5.3%

BLDR opened at $78.60 on Friday. The company has a 50 day moving average of $79.34 and a 200 day moving average of $97.33. The company has a market cap of $8.45 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 1.79 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. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15.

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 business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The company’s revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 EPS. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource announced that its board has initiated a share repurchase plan on Thursday, April 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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.