National Pension Service Sells 163,050 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• National Pension Service significantly reduced its stake in Builders FirstSource by 97.2%, leaving it with only 4,749 shares valued at approximately $593,000 as of the latest SEC filing.
• Several other institutional investors have either increased or decreased their holdings, with 95.53% of the company's stock now owned by such investors.
• Builders FirstSource approved a $500 million stock repurchase plan, indicating management's belief that the stock is undervalued.

National Pension Service cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 97.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,749 shares of the company's stock after selling 163,050 shares during the period. National Pension Service's holdings in Builders FirstSource were worth $593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. Cambridge Investment Research Advisors Inc. raised its stake in shares of Builders FirstSource by 18.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company's stock worth $2,500,000 after purchasing an additional 3,131 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Builders FirstSource by 42.5% during the 1st quarter. Stephens Inc. AR now owns 2,942 shares of the company's stock worth $368,000 after purchasing an additional 877 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Builders FirstSource by 41.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company's stock worth $945,000 after purchasing an additional 2,216 shares in the last quarter. Altus Wealth Group LLC raised its stake in shares of Builders FirstSource by 11.2% during the 1st quarter. Altus Wealth Group LLC now owns 45,021 shares of the company's stock worth $5,625,000 after purchasing an additional 4,549 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of Builders FirstSource during the 1st quarter worth about $1,012,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of BLDR stock traded up $11.36 during trading hours on Friday, hitting $144.58. The company had a trading volume of 1,600,265 shares, compared to its average volume of 1,959,179. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 14.06 and a beta of 1.68. The firm's fifty day moving average is $127.03 and its 200 day moving average is $126.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the company posted $3.50 EPS. The company's revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the acquisition, the director owned 5,000 shares of the company's stock, valued at approximately $548,350. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of recent research reports. DA Davidson decreased their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Royal Bank Of Canada cut shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Raymond James Financial reiterated 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. Finally, Baird R W cut shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.