Larson Financial Group LLC Reduces Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Larson Financial Group LLC reduced its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,603 shares of the company’s stock after selling 118 shares during the period. Larson Financial Group LLC’s holdings in Builders FirstSource were worth $222,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after buying an additional 75 shares during the period. Team Hewins LLC lifted its holdings in Builders FirstSource by 6.5% in the first quarter. Team Hewins LLC now owns 1,313 shares of the company’s stock worth $274,000 after buying an additional 80 shares during the period. Csenge Advisory Group lifted its holdings in Builders FirstSource by 1.9% in the second quarter. Csenge Advisory Group now owns 4,252 shares of the company’s stock worth $589,000 after buying an additional 81 shares during the period. Congress Wealth Management LLC DE lifted its holdings in Builders FirstSource by 1.4% in the fourth quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock worth $1,035,000 after buying an additional 85 shares during the period. Finally, Quarry LP lifted its holdings in Builders FirstSource by 49.7% in the fourth quarter. Quarry LP now owns 280 shares of the company’s stock worth $47,000 after buying an additional 93 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of BLDR opened at $168.67 on Friday. The company has a market capitalization of $20.59 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 10.07 and a beta of 2.06. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average of $158.43 and a 200 day moving average of $171.58. Builders FirstSource, Inc. has a twelve month low of $105.24 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the previous year, the firm posted $3.89 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.91 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the sale, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BLDR has been the subject of several recent research reports. Stifel Nicolaus lowered their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Wedbush reiterated an “outperform” rating and set a $175.00 target price on shares of Builders FirstSource in a report on Tuesday, August 6th. Robert W. Baird upgraded shares of Builders FirstSource from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $185.00 to $190.00 in a report on Wednesday, August 7th. Zelman & Associates reiterated a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Finally, Oppenheimer lifted their target price on shares of Builders FirstSource from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus target price of $181.57.

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.