Pacer Advisors Inc. Has $754,000 Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• Pacer Advisors cut its Builders FirstSource stake by 98% in the first quarter, selling 454,904 shares and retaining 9,163 shares valued at approximately $754,000. Institutional investors collectively own 95.53% of BLDR.
• Analysts have lowered their price targets following weaker results, with the stock receiving an average rating of “Hold” and an average target of $90.35. Builders FirstSource reported quarterly EPS of $1.17, below the $1.25 consensus, while revenue fell 8.8% year over year to $3.86 billion.
• BLDR opened at $71.97 and trades near its 52-week low of $65.10, while the company has authorized a $500 million share-repurchase program covering up to 5.4% of outstanding shares.

Pacer Advisors Inc. cut its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 98.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,163 shares of the company's stock after selling 454,904 shares during the quarter. Pacer Advisors Inc.'s holdings in Builders FirstSource were worth $754,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company's stock valued at $26,000 after purchasing an additional 132 shares during the period. Sunbelt Securities Inc. grew its holdings in Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after purchasing an additional 300 shares during the period. Root Financial Partners LLC increased its position in Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after buying an additional 113 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Builders FirstSource during the second quarter worth approximately $38,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Builders FirstSource in the second quarter valued at approximately $38,000. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on BLDR. Truist Financial cut their price objective on Builders FirstSource from $115.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Loop Capital dropped their price target on Builders FirstSource from $140.00 to $110.00 in a research note on Friday, May 1st. KeyCorp cut their price target on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a report on Monday, July 13th. Oppenheimer reduced their price objective on shares of Builders FirstSource from $110.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. Finally, Barclays decreased their price objective on shares of Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $90.35.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $71.97 on Tuesday. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 79.09, a PEG ratio of 2.42 and a beta of 1.44. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The stock has a fifty day moving average price of $76.69 and a 200-day moving average price of $87.39.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the business posted $2.38 EPS. The firm's revenue for the quarter was down 8.8% on a year-over-year basis. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 3.15 EPS for the current fiscal year.

Builders FirstSource announced that its board has authorized a stock repurchase program on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.

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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