LSV Asset Management Sells 23,580 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Key Points

• LSV Asset Management reduced its stake in Builders FirstSource, Inc. by 4.7%, now holding approximately $59.39 million worth of shares.
• Institutional investors own about 95.53% of Builders FirstSource, with several firms significantly increasing their holdings in the last quarter.
• Deutsche Bank and BMO Capital Markets set price targets of $134.00 and $135.00, respectively, while Builders FirstSource has a consensus rating of "Moderate Buy."

LSV Asset Management cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 4.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 475,325 shares of the company's stock after selling 23,580 shares during the period. LSV Asset Management owned approximately 0.42% of Builders FirstSource worth $59,387,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Voya Investment Management LLC lifted its holdings in shares of Builders FirstSource by 174.2% in the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock worth $202,374,000 after acquiring an additional 899,841 shares during the last quarter. FMR LLC lifted its holdings in shares of Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after acquiring an additional 740,214 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of Builders FirstSource by 16.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock worth $283,659,000 after acquiring an additional 326,923 shares during the last quarter. Coliseum Capital Management LLC bought a new position in shares of Builders FirstSource in the fourth quarter worth about $45,334,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Builders FirstSource by 20,946.5% in the first quarter. GAMMA Investing LLC now owns 243,508 shares of the company's stock worth $30,424,000 after acquiring an additional 242,351 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles purchased 5,000 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average price of $109.67 per share, with a total value of $548,350.00. Following the transaction, the director owned 5,000 shares in the company, valued at $548,350. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company's stock.

Builders FirstSource Trading Up 1.2%

Shares of BLDR stock traded up $1.53 during trading hours on Thursday, hitting $132.27. 160,008 shares of the company were exchanged, compared to its average volume of 1,957,429. The firm has a market cap of $14.62 billion, a P/E ratio of 20.03, a P/E/G ratio of 13.23 and a beta of 1.68. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week 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 company has a 50 day simple moving average of $121.81 and a two-hundred day simple moving average of $128.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the firm posted $3.50 EPS. Builders FirstSource's revenue was down 5.0% compared to the same quarter last year. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its board has initiated a stock repurchase plan on Thursday, May 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on BLDR shares. Royal Bank Of Canada cut shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Barclays dropped their target price on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, August 1st. Loop Capital lowered their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, April 14th. DA Davidson set a $125.00 price objective on Builders FirstSource and gave the company a "neutral" rating in a research note on Monday. Finally, Stephens lowered their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $156.16.

About Builders FirstSource

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.