Prudential PLC Sells 454 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Prudential PLC trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 10.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,105 shares of the company’s stock after selling 454 shares during the quarter. Prudential PLC’s holdings in Builders FirstSource were worth $568,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BLDR. Innealta Capital LLC bought a new position in Builders FirstSource in the 2nd quarter worth approximately $27,000. Westside Investment Management Inc. bought a new position in Builders FirstSource in the 1st quarter worth approximately $31,000. Principal Securities Inc. bought a new position in Builders FirstSource in the 4th quarter worth approximately $32,000. ORG Partners LLC bought a new position in Builders FirstSource in the 1st quarter worth approximately $33,000. Finally, American Capital Advisory LLC bought a new position in Builders FirstSource in the 1st quarter worth approximately $34,000. 95.53% of the stock is currently owned by institutional investors.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 95,333 shares in the company, valued at $14,650,775.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BLDR. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Robert W. Baird raised Builders FirstSource from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $185.00 to $190.00 in a report on Wednesday, August 7th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Stifel Nicolaus decreased their price objective on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Royal Bank of Canada decreased their price objective on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $181.57.

Builders FirstSource Stock Performance

BLDR stock opened at $175.89 on Friday. 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 business’s fifty day simple moving average is $160.51 and its two-hundred day simple moving average is $171.12. Builders FirstSource, Inc. has a twelve month low of $105.24 and a twelve month high of $214.70. The firm has a market cap of $21.47 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 9.76 and a beta of 2.06.

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

Builders FirstSource announced that its board has approved a share repurchase plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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.