Lombard Odier Asset Management Switzerland SA Sells 7,700 Shares of Builders FirstSource, Inc. $BLDR

Lombard Odier Asset Management Switzerland SA lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 25.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,278 shares of the company’s stock after selling 7,700 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Builders FirstSource were worth $1,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp grew its position 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 in the last quarter. Wellington Management Group LLP raised its holdings in shares of Builders FirstSource by 2.3% in the 4th 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Builders FirstSource by 12.3% during the 1st 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 grew its holdings in shares of Builders FirstSource by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock worth $288,789,000 after purchasing an additional 14,420 shares in the last quarter. Finally, Sands Capital Management LLC grew its holdings in shares of Builders FirstSource by 13.5% during the fourth quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock worth $283,767,000 after purchasing an additional 327,067 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $72.89 on Monday. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 1.79 and a beta of 1.42. The company has a 50-day moving average price of $77.11 and a 200-day moving average price of $91.22. 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, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03.

Builders FirstSource (NYSE:BLDR) last posted its 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 business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. Builders FirstSource’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the firm posted $1.51 earnings per share. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 4.16 EPS for the current year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback 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 usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays cut their price target on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Benchmark dropped their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday. Stifel Nicolaus cut their target price on shares of Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a research report on Thursday. Robert W. Baird reduced their target price on Builders FirstSource from $125.00 to $95.00 in a research note on Friday, May 1st. Finally, Raymond James Financial reduced their target price on Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average target price of $100.35.

Builders FirstSource Company 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.