Tredje AP fonden Trims Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Tredje AP fonden trimmed its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,753 shares of the company’s stock after selling 95 shares during the period. Tredje AP fonden’s holdings in Builders FirstSource were worth $519,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Builders FirstSource by 15.7% during the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after purchasing an additional 1,985,297 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after buying an additional 911,990 shares during the period. Bessemer Group Inc. lifted its stake in Builders FirstSource by 477,028.7% in the first quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after buying an additional 448,407 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Builders FirstSource by 152.9% in the fourth quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock valued at $81,628,000 after acquiring an additional 295,643 shares during the period. Finally, Frontier Capital Management Co. LLC grew its position in shares of Builders FirstSource by 34.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock worth $189,268,000 after acquiring an additional 292,966 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $197.74 on Friday. The company has a market cap of $24.14 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 10.06 and a beta of 2.06. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70. The business has a fifty day moving average of $167.76 and a two-hundred day moving average of $171.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.02 by $0.48. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter last year, the business earned $3.89 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts predict that Builders FirstSource, Inc. will post 11.65 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has authorized a stock buyback plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Robert W. Baird upgraded shares of Builders FirstSource from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $185.00 to $190.00 in a research note on Wednesday, August 7th. Oppenheimer increased their target price on shares of Builders FirstSource from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays dropped their price target on Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Bank of America increased their price objective on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $190.00.

Insider Activity

In related 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 approximately $14,650,775.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.