Crossmark Global Holdings Inc. Sells 4,899 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Crossmark Global Holdings Inc. lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 43.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,270 shares of the company’s stock after selling 4,899 shares during the period. Crossmark Global Holdings Inc.’s holdings in Builders FirstSource were worth $868,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. EdgeRock Capital LLC bought a new stake in shares of Builders FirstSource in the fourth quarter worth about $25,000. Innealta Capital LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at approximately $27,000. Westside Investment Management Inc. bought a new stake in Builders FirstSource during the 1st quarter worth approximately $31,000. Principal Securities Inc. acquired a new stake in Builders FirstSource during the 4th quarter worth approximately $32,000. Finally, ORG Partners LLC bought a new position in Builders FirstSource in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of several research reports. Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Baird R W upgraded Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Truist Financial cut their price target on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Jefferies Financial Group reiterated a “buy” rating and set a $185.00 price objective (down from $205.00) on shares of Builders FirstSource in a report on Friday, August 9th. Finally, B. Riley cut their target price on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus target price of $180.50.

Builders FirstSource Price Performance

NYSE:BLDR opened at $174.00 on Friday. The stock has a market capitalization of $21.24 billion, a PE ratio of 14.90, a P/E/G ratio of 2.57 and a beta of 2.04. Builders FirstSource, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70. The firm has a fifty day simple moving average of $155.31 and a 200 day simple moving average of $172.03. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.48 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.89 EPS. On average, research analysts expect that Builders FirstSource, Inc. will post 12.91 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the sale, the director now owns 95,333 shares in the company, valued at $14,650,775.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.80% of the company’s stock.

About Builders FirstSource

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.