Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Bamco Inc. NY

Bamco Inc. NY trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 67.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,173 shares of the company's stock after selling 127,271 shares during the quarter. Bamco Inc. NY owned approximately 0.05% of Builders FirstSource worth $8,601,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. World Investment Advisors LLC purchased a new position in Builders FirstSource during the third quarter worth approximately $349,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $827,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Builders FirstSource by 18.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,270 shares of the company's stock valued at $639,000 after acquiring 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 valued at $39,025,000 after purchasing an additional 56,009 shares during the period. Finally, GAMMA Investing LLC raised its stake in Builders FirstSource by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 1,157 shares of the company's stock worth $165,000 after purchasing an additional 97 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLDR has been the subject of several recent analyst reports. Benchmark decreased their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Truist Financial decreased their price target on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Royal Bank of Canada decreased their target price on Builders FirstSource from $162.00 to $132.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. UBS Group dropped their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Loop Capital reduced their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $167.58.

Builders FirstSource Price Performance

Builders FirstSource stock traded down $0.38 during mid-day trading on Friday, reaching $110.69. The company had a trading volume of 1,629,735 shares, compared to its average volume of 1,667,745. The stock's 50-day simple moving average is $122.03 and its 200-day simple moving average is $148.41. The company has a market capitalization of $12.59 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.80 and a beta of 1.79. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 1 year low of $103.81 and a 1 year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Builders FirstSource's quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the business posted $2.65 EPS. On average, equities 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 share buyback plan on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its shares are undervalued.

About Builders FirstSource

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.