Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Axa S.A.

AXA S.A. trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 48.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,883 shares of the company's stock after selling 6,440 shares during the period. AXA S.A.'s holdings in Builders FirstSource were worth $984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Westbourne Investments Inc. purchased a new stake in shares of Builders FirstSource in the fourth quarter worth approximately $1,657,000. Rehmann Capital Advisory Group grew its stake in Builders FirstSource by 7.1% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,724 shares of the company's stock worth $532,000 after acquiring an additional 248 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of Builders FirstSource by 275.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 106,126 shares of the company's stock worth $15,169,000 after acquiring an additional 77,844 shares during the period. Northern Trust Corp raised its stake in shares of Builders FirstSource by 10.2% during the fourth quarter. Northern Trust Corp now owns 1,139,775 shares of the company's stock valued at $162,908,000 after acquiring an additional 105,158 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of Builders FirstSource by 290.0% in the fourth quarter. Quarry LP now owns 975 shares of the company's stock valued at $139,000 after purchasing an additional 725 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. UBS Group lowered their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Barclays cut their target price on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Stephens cut their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group cut their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Raymond James restated an "outperform" rating and set a $140.00 price objective (down from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of "Moderate Buy" and a consensus price target of $167.58.

Builders FirstSource Stock Performance

Shares of BLDR stock traded down $1.99 during trading hours on Thursday, hitting $117.52. The company's stock had a trading volume of 729,309 shares, compared to its average volume of 1,675,505. The stock has a market cap of $12.99 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a 12-month low of $103.81 and a 12-month high of $203.14. The company has a 50 day moving average of $121.20 and a 200 day moving average of $147.38. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

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 analysts' consensus estimates of $1.50 by $0.01. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company's revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $2.65 EPS. On average, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a share repurchase plan on Thursday, May 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Builders FirstSource Company 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.