Victory Capital Management Inc. Sells 141,579 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Victory Capital Management Inc. decreased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 389,729 shares of the company's stock after selling 141,579 shares during the period. Victory Capital Management Inc. owned about 0.34% of Builders FirstSource worth $48,693,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Tectonic Advisors LLC boosted its position in shares of Builders FirstSource by 6.0% during the first quarter. Tectonic Advisors LLC now owns 8,592 shares of the company's stock valued at $1,073,000 after buying an additional 486 shares during the last quarter. Larson Financial Group LLC boosted its position in Builders FirstSource by 18.1% in the first quarter. Larson Financial Group LLC now owns 2,313 shares of the company's stock worth $289,000 after purchasing an additional 354 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Builders FirstSource by 4.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 72,177 shares of the company's stock worth $9,018,000 after purchasing an additional 2,746 shares during the last quarter. Whittier Trust Co. boosted its position in Builders FirstSource by 2.0% in the first quarter. Whittier Trust Co. now owns 106,828 shares of the company's stock worth $13,347,000 after purchasing an additional 2,075 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Builders FirstSource by 14.2% in the first quarter. Signaturefd LLC now owns 1,582 shares of the company's stock worth $198,000 after purchasing an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

NYSE BLDR traded down $3.61 during trading on Friday, reaching $123.24. The company's stock had a trading volume of 1,810,123 shares, compared to its average volume of 1,710,336. The stock has a market capitalization of $13.62 billion, a PE ratio of 15.80, a P/E/G ratio of 8.04 and a beta of 1.69. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07. The firm has a fifty day moving average of $117.47 and a 200 day moving average of $129.94. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the prior year, the business earned $2.65 EPS. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. Analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its board has initiated a stock buyback plan on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Insider Transactions at Builders FirstSource

In related news, Director Paul S. Levy bought 283,517 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average cost of $111.21 per share, for a total transaction of $31,529,925.57. Following the acquisition, the director directly owned 1,672,687 shares of the company's stock, valued at $186,019,521.27. The trade was a 20.41% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dirkson R. Charles bought 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at $548,350. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 505,000 shares of company stock valued at $56,032,120 over the last quarter. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on BLDR. Royal Bank Of Canada reissued an "outperform" rating and issued a $132.00 price objective on shares of Builders FirstSource in a research report on Thursday, May 15th. Loop Capital cut their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Zelman & Associates reissued an "underperform" rating on shares of Builders FirstSource in a research report on Friday. Stifel Nicolaus cut their price objective on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $159.42.

Builders FirstSource Profile

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.