Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 8.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,333 shares of the company's stock after selling 2,826 shares during the period. Ritholtz Wealth Management's holdings in Builders FirstSource were worth $3,790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource in the fourth quarter valued at $34,000. Sentry Investment Management LLC acquired a new stake in shares of Builders FirstSource in the 1st quarter valued at about $40,000. CX Institutional bought a new position in shares of Builders FirstSource during the first quarter worth about $45,000. Smartleaf Asset Management LLC lifted its position in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Builders FirstSource in the fourth quarter worth about $74,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Dirkson R. Charles acquired 5,000 shares of Builders FirstSource stock in a transaction on Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director now owns 5,000 shares of the company's stock, valued at $548,350. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul S. Levy bought 216,483 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was purchased at an average cost of $110.65 per share, for a total transaction of $23,953,843.95. Following the completion of the transaction, the director now owns 1,389,170 shares of the company's stock, valued at $153,711,660.50. This represents a 18.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 505,000 shares of company stock worth $56,032,120. Corporate insiders own 2.00% of the company's stock.

Builders FirstSource Stock Down 3.4%

BLDR opened at $111.17 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The company has a market capitalization of $12.29 billion, a PE ratio of 12.27, a P/E/G ratio of 0.80 and a beta of 1.69. The stock's fifty day moving average is $114.76 and its 200-day moving average is $136.67. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.51 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 firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the previous year, the business earned $2.65 earnings per share. Builders FirstSource's revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its board has approved a share repurchase program on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BLDR shares. BMO Capital Markets reduced their target price on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a report on Monday, May 5th. Royal Bank of Canada restated an "outperform" rating and set a $132.00 price objective on shares of Builders FirstSource in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They set a "buy" rating and a $151.00 target price for the company. Raymond James restated an "outperform" rating and issued a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Finally, Loop Capital lowered their price objective 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 analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $167.58.

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.

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