Bamco Inc. NY Sells 127,271 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Bamco Inc. NY cut its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 67.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,173 shares of the company's stock after selling 127,271 shares during the quarter. Bamco Inc. NY owned about 0.05% of Builders FirstSource worth $8,601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. World Investment Advisors LLC purchased a new stake in shares of Builders FirstSource in the third quarter worth approximately $349,000. Wilmington Savings Fund Society FSB purchased a new stake in Builders FirstSource in the third quarter worth $827,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Builders FirstSource by 18.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,270 shares of the company's stock worth $639,000 after purchasing an additional 500 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Builders FirstSource by 38.5% in the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company's stock worth $39,025,000 after purchasing an additional 56,009 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Builders FirstSource by 9.2% in the 4th quarter. GAMMA Investing LLC now owns 1,157 shares of the company's stock worth $165,000 after buying an additional 97 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on BLDR. Royal Bank of Canada dropped their target price on shares of Builders FirstSource from $162.00 to $132.00 and set an "outperform" rating on the stock in a research note on Friday. The Goldman Sachs Group reduced their price objective on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Truist Financial lowered their target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Barclays cut their price target on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, UBS Group dropped their target price on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a report on Friday. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.53.

Builders FirstSource Price Performance

Shares of BLDR opened at $113.94 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The company's fifty day moving average price is $124.81 and its 200-day moving average price is $150.80. Builders FirstSource, Inc. has a 1-year low of $110.84 and a 1-year high of $203.14. The firm has a market capitalization of $12.96 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the business earned $2.65 EPS. The company's quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Builders FirstSource Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.

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