Builders FirstSource, Inc. $BLDR Shares Sold by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management cut its Builders FirstSource stake by 44.7% in the first quarter, selling 52,072 shares and retaining 64,385 shares worth approximately $5.3 million. Institutional investors collectively own 95.53% of BLDR.
• Analysts remain mixed, with a consensus “Hold” rating and an average price target of $90.35, despite several firms lowering their targets.
• Builders FirstSource reported quarterly EPS of $1.17, below the $1.25 estimate, while revenue fell 8.8% year over year to $3.86 billion. The company also authorized a $500 million share-repurchase program, covering up to 5.4% of outstanding shares.

Quantinno Capital Management LP lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 44.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,385 shares of the company's stock after selling 52,072 shares during the quarter. Quantinno Capital Management LP owned about 0.06% of Builders FirstSource worth $5,301,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BLDR. SummitTX Capital L.P. purchased a new stake in shares of Builders FirstSource in the first quarter valued at $8,632,000. RIHO Partners LLC increased its position in Builders FirstSource by 15.5% during the 1st quarter. RIHO Partners LLC now owns 99,387 shares of the company's stock worth $8,183,000 after purchasing an additional 13,349 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in Builders FirstSource by 37.3% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 7,053 shares of the company's stock valued at $581,000 after purchasing an additional 1,916 shares during the last quarter. Union Square Park Capital Management LLC purchased a new position in Builders FirstSource in the 1st quarter valued at about $823,000. Finally, Punch & Associates Investment Management Inc. lifted its holdings in Builders FirstSource by 0.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 128,538 shares of the company's stock valued at $10,583,000 after purchasing an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of analyst reports. UBS Group cut their price objective on shares of Builders FirstSource from $122.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, July 31st. KeyCorp decreased their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Jefferies Financial Group lowered their target price on shares of Builders FirstSource from $85.00 to $80.00 and set a "hold" rating for the company in a research note on Monday, May 4th. Benchmark cut their price target on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Finally, Wolfe Research upgraded Builders FirstSource to a "hold" rating in a report on Thursday, May 14th. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $90.35.

Builders FirstSource Price Performance

BLDR opened at $72.39 on Friday. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03. The company's 50 day simple moving average is $76.79 and its 200 day simple moving average is $88.12. The stock has a market capitalization of $7.79 billion, a PE ratio of 79.55, a P/E/G ratio of 2.46 and a beta of 1.44. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The business's revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.38 EPS. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback plan on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.

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