BNP Paribas Financial Markets Sells 19,481 Shares of Builders FirstSource, Inc. $BLDR

BNP Paribas Financial Markets reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,913 shares of the company’s stock after selling 19,481 shares during the period. BNP Paribas Financial Markets’ holdings in Builders FirstSource were worth $20,466,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp grew its stake in shares of Builders FirstSource by 0.6% in the second quarter. State Street Corp now owns 5,026,553 shares of the company’s stock worth $586,548,000 after acquiring an additional 29,443 shares during the last quarter. Capital International Investors purchased a new stake in shares of Builders FirstSource in the third quarter worth $429,640,000. Geode Capital Management LLC grew its stake in shares of Builders FirstSource by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock worth $288,789,000 after acquiring an additional 14,420 shares during the last quarter. Sands Capital Management LLC grew its stake in shares of Builders FirstSource by 139.1% in the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after acquiring an additional 1,414,129 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Builders FirstSource by 99,084.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after acquiring an additional 2,239,301 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 1.9%

Builders FirstSource stock opened at $73.57 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The stock has a market capitalization of $7.91 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The business’s fifty day moving average is $79.73 and its 200 day moving average is $97.94.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.12). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period last year, the business earned $1.51 earnings per share. The company’s quarterly revenue was down 10.1% on a year-over-year basis. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 4.26 EPS for the current year.

Builders FirstSource announced that its board has approved a stock repurchase plan on Thursday, April 30th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the transaction, the director directly owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This represents a 2.98% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on BLDR. KeyCorp cut their target price on Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. The Goldman Sachs Group cut their target price on Builders FirstSource from $110.00 to $101.00 in a research note on Friday, May 1st. Wells Fargo & Company cut their target price on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Jefferies Financial Group cut their target price on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Finally, Robert W. Baird cut their target price on Builders FirstSource from $125.00 to $95.00 in a research note on Friday, May 1st. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $101.88.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.