Boston Partners Has $198.03 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Key Points

• Boston Partners reduced its stake in Builders FirstSource by 20.1%, selling 399,274 shares, resulting in a total of 1.588 million shares owned, valued at approximately $198 million.
• Multiple hedge funds have altered their positions, with new investments totaling between $31,000 and $45,000, highlighting a strong institutional interest in the company.
• Analysts have downgraded Builders FirstSource from "outperform" to "neutral," with revised price targets between $129 and $155, reflecting mixed sentiment in the market.

Boston Partners trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 20.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,588,173 shares of the company's stock after selling 399,274 shares during the period. Boston Partners owned 1.44% of Builders FirstSource worth $198,029,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. IMA Advisory Services Inc. bought a new stake in Builders FirstSource in the first quarter valued at $31,000. Sentry Investment Management LLC acquired a new stake in shares of Builders FirstSource in the 1st quarter worth about $40,000. CX Institutional acquired a new stake in shares of Builders FirstSource in the 1st quarter worth about $45,000. Mather Group LLC. lifted its position in Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after purchasing an additional 98 shares during the last quarter. Finally, New Age Alpha Advisors LLC boosted its stake in Builders FirstSource by 22.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company's stock valued at $80,000 after purchasing an additional 119 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

NYSE BLDR traded down $1.13 on Friday, reaching $137.02. The company's stock had a trading volume of 1,351,036 shares, compared to its average volume of 2,289,163. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. The firm's 50 day moving average is $125.41 and its two-hundred day moving average is $126.61. The stock has a market cap of $15.15 billion, a PE ratio of 20.79, a PEG ratio of 14.50 and a beta of 1.68.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.35 by $0.03. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business's quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.50 earnings per share. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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

Insider Activity

In related news, Director Dirkson R. Charles purchased 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $109.67 per share, with a total value of $548,350.00. Following the purchase, the director owned 5,000 shares of the company's stock, valued at $548,350. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

BLDR has been the subject of a number of analyst reports. BMO Capital Markets reduced their target price on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research note on Monday, May 5th. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Raymond James Financial reissued an "outperform" rating and issued a $140.00 price objective (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Stifel Nicolaus boosted their price target on Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $154.44.

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.