UBS Group AG Lowers Stock Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• UBS Group AG trimmed its stake in Builders FirstSource by 7.1%, selling 39,659 shares and holding 516,311 shares (about 0.47% of the company) valued at roughly $53.1 million at quarter-end.
• Builders FirstSource reported a quarterly EPS miss of $0.27 vs. $0.39 expected, while revenue came in at $3.29 billion (above estimates) but was down 10.1% year-over-year.
• The company's board approved a $500 million share repurchase program (up to ~5.4% of outstanding shares), and Director Paul S. Levy purchased 50,000 shares, indicating insider confidence.

UBS Group AG trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 516,311 shares of the company's stock after selling 39,659 shares during the quarter. UBS Group AG owned approximately 0.47% of Builders FirstSource worth $53,123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of 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 acquiring an additional 132 shares in the last quarter. Cromwell Holdings LLC raised its holdings in shares of Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company's stock valued at $25,000 after acquiring an additional 225 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $34,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Up 1.1%

NYSE BLDR opened at $74.56 on Wednesday. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.76 and a beta of 1.49. The stock's 50-day simple moving average is $88.51 and its two-hundred day simple moving average is $104.41. Builders FirstSource, Inc. has a twelve month low of $73.40 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.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.12). The business had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.Builders FirstSource's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 EPS. Research analysts forecast that Builders FirstSource, Inc. will post 4.49 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a stock repurchase program on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Builders FirstSource

In related news, Director Paul S. Levy acquired 50,000 shares of the firm's stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the acquisition, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Royal Bank Of Canada lowered their price target on Builders FirstSource from $110.00 to $107.00 and set an "outperform" rating on the stock in a report on Friday, May 1st. Benchmark lowered their price target on Builders FirstSource from $138.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, May 1st. Loop Capital lowered their price target on Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. Oppenheimer set a $121.00 price target on Builders FirstSource in a research report on Friday. Finally, Zacks Research downgraded Builders FirstSource from a "hold" rating to a "strong sell" rating in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $101.88.

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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