Gulf International Bank UK Ltd Sells 3,767 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Gulf International Bank UK Ltd has reduced its stake in Builders FirstSource by 37.7%, selling 3,767 shares and now holding a total of 6,233 shares valued at approximately $778,000.
• Major investors like Cambridge Investment Research Advisors and Oppenheimer Asset Management have increased their stakes in Builders FirstSource, indicating confidence in the company's prospects.
• Builders FirstSource has initiated a $500 million share repurchase plan, suggesting the board believes the company’s shares are currently undervalued.

Gulf International Bank UK Ltd decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 37.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,233 shares of the company's stock after selling 3,767 shares during the period. Gulf International Bank UK Ltd's holdings in Builders FirstSource were worth $778,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Townsquare Capital LLC boosted its stake in Builders FirstSource by 15.0% during the 4th quarter. Townsquare Capital LLC now owns 4,255 shares of the company's stock worth $608,000 after acquiring an additional 554 shares during the last quarter. Mariner LLC increased its stake in Builders FirstSource by 7.2% during the 4th quarter. Mariner LLC now owns 57,616 shares of the company's stock worth $8,235,000 after purchasing an additional 3,875 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in Builders FirstSource by 15.2% during the 4th quarter. CreativeOne Wealth LLC now owns 3,583 shares of the company's stock worth $512,000 after buying an additional 473 shares during the period. Gabelli Funds LLC boosted its holdings in shares of Builders FirstSource by 75.0% in the fourth quarter. Gabelli Funds LLC now owns 14,000 shares of the company's stock valued at $2,001,000 after buying an additional 6,000 shares during the period. Finally, United Capital Financial Advisors LLC boosted its holdings in shares of Builders FirstSource by 2.8% in the fourth quarter. United Capital Financial Advisors LLC now owns 4,274 shares of the company's stock valued at $611,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BLDR shares. Wedbush lowered their target price on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, June 20th. Baird R W downgraded Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Zelman & Associates reaffirmed an "underperform" rating on shares of Builders FirstSource in a research note on Friday, July 18th. Stephens cut their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, DA Davidson reduced their target price 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. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $154.44.

Insiders Place Their Bets

In other Builders FirstSource 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 acquired at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the purchase, the director owned 5,000 shares in the company, valued at approximately $548,350. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.00% of the company's stock.

Builders FirstSource Stock Performance

NYSE:BLDR traded up $11.12 during mid-day trading on Friday, hitting $144.34. The stock had a trading volume of 1,600,265 shares, compared to its average volume of 1,959,179. 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 stock has a market cap of $15.96 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 14.06 and a beta of 1.68. The company's 50 day simple moving average is $127.03 and its 200 day simple moving average is $126.00.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has approved a stock buyback plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

Builders FirstSource 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.