Massachusetts Financial Services Co. MA Sells 76,216 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Massachusetts Financial Services trimmed its position in Builders FirstSource by 6.9%, selling 76,216 shares and now holds 1,025,770 shares (about 0.93%) valued at roughly $105.54 million.
• Builders FirstSource missed Q4 expectations, reporting $1.12 EPS versus $1.30 consensus and $3.36 billion in revenue versus $3.46 billion expected, with revenue down 12.1% year‑over‑year.
• Insider and institutional activity: Director Paul S. Levy bought 50,000 shares at $87.73, while institutional investors collectively own about 95.53% of the stock amid several large fund stake increases.

Massachusetts Financial Services Co. MA decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,025,770 shares of the company's stock after selling 76,216 shares during the period. Massachusetts Financial Services Co. MA owned about 0.93% of Builders FirstSource worth $105,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BLDR. Capital International Investors bought a new stake in shares of Builders FirstSource in the 3rd quarter worth $429,640,000. Franklin Resources Inc. boosted its stake in shares of Builders FirstSource by 2,498.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company's stock worth $224,861,000 after buying an additional 1,783,164 shares during the last quarter. Sands Capital Management LLC boosted its stake in shares of Builders FirstSource by 139.1% in the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company's stock worth $294,747,000 after buying an additional 1,414,129 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Builders FirstSource by 235.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company's stock worth $229,585,000 after buying an additional 1,328,363 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of Builders FirstSource by 10,918.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 881,439 shares of the company's stock worth $106,874,000 after buying an additional 873,439 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

BLDR opened at $87.52 on Tuesday. 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 company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 2.12 and a beta of 1.63. Builders FirstSource, Inc. has a 12-month low of $76.50 and a 12-month high of $151.03. The business's fifty day simple moving average is $97.61 and its 200-day simple moving average is $108.20.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts' consensus estimates of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The company had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.46 billion. During the same quarter last year, the company earned $2.31 earnings per share. The company's revenue for the quarter was down 12.1% compared to the same quarter last year. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy bought 50,000 shares of Builders FirstSource stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the transaction, the director directly owned 1,727,191 shares of the company's stock, valued at approximately $151,526,466.43. This represents a 2.98% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of research reports. Stephens restated an "equal weight" rating and issued a $125.00 price target on shares of Builders FirstSource in a research note on Tuesday, March 24th. Barclays dropped their price target on Builders FirstSource from $124.00 to $114.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on 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 lowered their price objective on Builders FirstSource from $115.00 to $93.00 and set a "hold" rating on the stock in a research report on Monday, March 16th. Finally, UBS Group lowered their price objective on Builders FirstSource from $166.00 to $143.00 and set a "buy" rating on the stock in a research report on Tuesday, January 6th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $122.71.

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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