XTX Topco Ltd Sells 1,093 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

XTX Topco Ltd trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 41.1% in the 2nd quarter, Holdings Channel reports. The fund owned 1,568 shares of the company’s stock after selling 1,093 shares during the quarter. XTX Topco Ltd’s holdings in Builders FirstSource were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BLDR. Vanguard Group Inc. boosted its holdings in Builders FirstSource by 15.7% in the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after purchasing an additional 1,985,297 shares during the period. Massachusetts Financial Services Co. MA grew 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 in the last quarter. Bessemer Group Inc. increased its stake in Builders FirstSource by 477,028.7% during the first quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after acquiring an additional 448,407 shares during the period. Frontier Capital Management Co. LLC raised its holdings in Builders FirstSource by 34.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock valued at $189,268,000 after acquiring an additional 292,966 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Builders FirstSource by 22.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock worth $147,059,000 after acquiring an additional 196,571 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Up 2.2 %

Shares of NYSE:BLDR opened at $194.25 on Monday. 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 market cap of $23.71 billion, a P/E ratio of 16.63, a P/E/G ratio of 11.56 and a beta of 2.06. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70. The company’s 50-day moving average price is $171.17 and its two-hundred day moving average price is $170.42.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. Builders FirstSource’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.89 earnings per share. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.68 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at Builders FirstSource

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Loop Capital boosted their price objective on Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Oppenheimer lifted their target price on shares of Builders FirstSource from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Robert W. Baird raised 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 report on Wednesday, August 7th. Finally, StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Monday, September 23rd. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.00.

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.