Shellback Capital LP Sells 30,000 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Shellback Capital LP lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 60.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after selling 30,000 shares during the quarter. Shellback Capital LP’s holdings in Builders FirstSource were worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. UBS Group AG raised its position in shares of Builders FirstSource by 49.2% during the fourth quarter. UBS Group AG now owns 110,586 shares of the company’s stock worth $18,461,000 after acquiring an additional 36,475 shares during the last quarter. US Bancorp DE boosted its stake in shares of Builders FirstSource by 20.0% in the 4th quarter. US Bancorp DE now owns 9,611 shares of the company’s stock valued at $1,604,000 after purchasing an additional 1,603 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Builders FirstSource by 83.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 2,964 shares of the company’s stock worth $486,000 after buying an additional 1,345 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Builders FirstSource during the fourth quarter worth approximately $62,000. Finally, TD Asset Management Inc boosted its stake in Builders FirstSource by 150.6% in the fourth quarter. TD Asset Management Inc now owns 42,306 shares of the company’s stock valued at $7,063,000 after acquiring an additional 25,425 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the transaction, the director now directly owns 95,333 shares of the company’s stock, valued at $14,650,775.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Builders FirstSource Trading Down 1.0 %

BLDR opened at $190.07 on Friday. The firm’s fifty day simple moving average is $170.45 and its 200 day simple moving average is $170.83. The stock has a market capitalization of $23.20 billion, a P/E ratio of 16.27, a P/E/G ratio of 11.56 and a beta of 2.06. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.89 earnings per share. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.68 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently weighed in on BLDR. Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Builders FirstSource in a research note on Tuesday, August 6th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and increased their target price for the company from $165.00 to $220.00 in a research note on Monday, September 16th. Loop Capital boosted their target price on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Royal Bank of Canada cut their price target on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Bank of America boosted their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. 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 stock. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price of $190.00.

Builders FirstSource Company 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.