KLCM Advisors Inc. Sells 36,067 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• KLCM Advisors sold 36,067 shares, reducing its stake in Builders FirstSource by 18.2% to 162,649 shares (about $19.72M), making BLDR 2.0% of KLCM’s portfolio and roughly 0.15% of the company.
• Builders FirstSource missed quarterly expectations with EPS $1.12 vs. $1.30 expected and revenue of $3.36B (down 12.1% YoY), and the stock opened at $91.11 (down ~2.7%).
• Several analysts have trimmed price targets and ratings, leaving a MarketBeat consensus rating of "Hold" and a consensus price target of $127.81.

KLCM Advisors Inc. decreased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 18.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,649 shares of the company's stock after selling 36,067 shares during the period. Builders FirstSource accounts for 2.0% of KLCM Advisors Inc.'s investment portfolio, making the stock its 8th largest holding. KLCM Advisors Inc. owned about 0.15% of Builders FirstSource worth $19,721,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. BNP Paribas Financial Markets grew its position in shares of Builders FirstSource by 7.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 218,394 shares of the company's stock valued at $26,480,000 after buying an additional 15,215 shares during the last quarter. PCJ Investment Counsel Ltd. acquired a new position in Builders FirstSource in the third quarter valued at $2,683,000. Sands Capital Management LLC grew its holdings in shares of Builders FirstSource by 139.1% during the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company's stock worth $294,747,000 after purchasing an additional 1,414,129 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Builders FirstSource by 2,498.8% during the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company's stock worth $224,861,000 after purchasing an additional 1,783,164 shares in the last quarter. Finally, Tabor Asset Management LP lifted its holdings in shares of Builders FirstSource by 11.4% in the 3rd quarter. Tabor Asset Management LP now owns 13,526 shares of the company's stock valued at $1,640,000 after purchasing an additional 1,382 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on BLDR. BMO Capital Markets dropped their price target on Builders FirstSource from $123.00 to $120.00 and set a "market perform" rating on the stock in a research note on Friday, February 20th. Robert W. Baird reduced their price objective on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Builders FirstSource from $117.00 to $102.00 and set a "hold" rating on the stock in a research report on Monday, February 23rd. Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $124.00 to $115.00 and set a "hold" rating for the company in a research report on Tuesday, December 16th. Finally, Zacks Research cut shares of Builders FirstSource from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 19th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of "Hold" and a consensus price target of $127.81.

Builders FirstSource Stock Down 2.7%

Builders FirstSource stock opened at $91.11 on Thursday. Builders FirstSource, Inc. has a twelve month low of $89.41 and a twelve month high of $151.03. The stock has a 50 day moving average of $113.55 and a two-hundred day moving average of $116.85. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $10.08 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.26 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the firm posted $2.31 EPS. The company's revenue for the quarter was down 12.1% on a year-over-year basis. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource Company 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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