Epacria Capital Partners LLC Cuts Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Epacria Capital Partners LLC decreased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 56.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,701 shares of the company's stock after selling 12,450 shares during the quarter. Builders FirstSource comprises about 1.2% of Epacria Capital Partners LLC's investment portfolio, making the stock its 20th biggest holding. Epacria Capital Partners LLC's holdings in Builders FirstSource were worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Builders FirstSource by 3.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock worth $278,000 after purchasing an additional 64 shares in the last quarter. Integrated Investment Consultants LLC raised its holdings in Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company's stock worth $2,145,000 after buying an additional 65 shares during the last quarter. TFB Advisors LLC lifted its stake in shares of Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock worth $546,000 after buying an additional 79 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in shares of Builders FirstSource by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock valued at $262,000 after buying an additional 83 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its position in shares of Builders FirstSource by 6.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock valued at $214,000 after acquiring an additional 85 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BLDR. StockNews.com downgraded Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. The Goldman Sachs Group dropped their price objective on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Robert W. Baird set a $130.00 target price on Builders FirstSource in a research report on Friday, May 2nd. Truist Financial lowered their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Raymond James reissued an "outperform" rating and set a $140.00 price objective (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Stock Performance

BLDR traded down $0.38 during midday 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 business has a 50-day moving average of $122.03 and a two-hundred day moving average of $148.41. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 1 year low of $103.81 and a 1 year high of $203.14. The company has a market cap of $12.23 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.80 and a beta of 1.79.

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

Builders FirstSource announced that its Board of Directors has initiated a share buyback program on Thursday, May 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is 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.