Frontier Capital Management Co. LLC Sells 316,977 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Frontier Capital Management Co. LLC cut its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 43.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408,347 shares of the company's stock after selling 316,977 shares during the period. Frontier Capital Management Co. LLC owned 0.35% of Builders FirstSource worth $58,365,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BLDR. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. bought a new position in shares of Builders FirstSource in the 4th quarter worth about $34,000. Avion Wealth grew its position in shares of Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after buying an additional 306 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Builders FirstSource by 91.2% during the fourth quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after purchasing an additional 237 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Down 0.3 %

NYSE BLDR traded down $0.38 on Friday, hitting $110.69. 1,629,735 shares of the stock were exchanged, compared to its average volume of 1,667,745. The company's 50-day moving average price is $122.03 and its two-hundred day moving average price is $148.18. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a 52-week low of $103.81 and a 52-week high of $203.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the previous year, the firm earned $2.65 earnings per share. Builders FirstSource's quarterly revenue was down 6.0% on a year-over-year basis. Research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its board has authorized a stock buyback plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts recently weighed in on BLDR shares. UBS Group dropped their price objective on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada lowered their target price on shares of Builders FirstSource from $162.00 to $132.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Barclays decreased their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Benchmark lowered their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus target price of $167.58.

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.