LSV Asset Management Has $206,000 Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• LSV Asset Management sharply cut its stake in Builders FirstSource by 98.6% in the fourth quarter, ending with just 2,000 shares worth about $206,000.
• Builders FirstSource reported Q1 earnings of $0.27 per share, missing expectations, though revenue of $3.29 billion came in above estimates. Revenue was still down 10.1% from a year earlier.
• The company’s board approved a $500 million share repurchase program, and insiders have also shown buying interest, including Director Paul S. Levy’s purchase of 50,000 shares.

LSV Asset Management lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 98.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the company's stock after selling 139,957 shares during the quarter. LSV Asset Management's holdings in Builders FirstSource were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of BLDR. Capital International Investors acquired a new stake in Builders FirstSource in the 3rd quarter valued at $429,640,000. Northwestern Mutual Wealth Management Co. boosted its stake in Builders FirstSource by 99,084.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company's stock valued at $230,634,000 after buying an additional 2,239,301 shares in the last quarter. Franklin Resources Inc. boosted its stake in Builders FirstSource by 2,498.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company's stock valued at $224,861,000 after buying an additional 1,783,164 shares in the last quarter. Sands Capital Management LLC boosted its stake in Builders FirstSource by 139.1% in the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company's stock valued at $294,747,000 after buying an additional 1,414,129 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Builders FirstSource by 235.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company's stock valued at $229,585,000 after buying an additional 1,328,363 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. DA Davidson decreased their price target on Builders FirstSource from $111.00 to $84.00 and set a "neutral" rating on the stock in a research note on Friday, May 1st. KeyCorp decreased their price target on Builders FirstSource from $145.00 to $100.00 and set an "overweight" rating on the stock in a research note on Friday, May 1st. Wolfe Research upgraded Builders FirstSource to a "hold" rating in a research report on Thursday, May 14th. Zacks Research downgraded Builders FirstSource from a "hold" rating to a "strong sell" rating in a research report on Friday, May 1st. Finally, Royal Bank Of Canada cut their price objective on Builders FirstSource from $110.00 to $107.00 and set an "outperform" rating for the company in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $101.88.

Builders FirstSource Trading Up 3.9%

BLDR stock opened at $77.32 on Thursday. The company has a market cap of $8.32 billion, a P/E ratio of 29.62, a PEG ratio of 1.78 and a beta of 1.49. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. The business has a fifty day moving average of $81.13 and a 200-day moving average of $99.41.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.12). The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The company's revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.51 EPS. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource announced that its board has approved a share repurchase plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy 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 stock is undervalued.

Insider Buying and Selling at Builders FirstSource

In other news, Director Paul S. Levy bought 50,000 shares of the company's stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the transaction, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. The trade was a 2.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by insiders.

About Builders FirstSource

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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