Whittier Trust Co. Lowers Stake in Builders FirstSource, Inc. $BLDR

Whittier Trust Co. trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 25.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 82,883 shares of the company’s stock after selling 27,797 shares during the quarter. Whittier Trust Co.’s holdings in Builders FirstSource were worth $6,801,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC raised its stake in Builders FirstSource by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after acquiring an additional 295 shares during the last quarter. Woodline Partners LP grew its stake in shares of Builders FirstSource by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after purchasing an additional 2,812 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Builders FirstSource by 180.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock valued at $185,000 after purchasing an additional 1,017 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Builders FirstSource by 230.7% in the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock valued at $2,210,000 after purchasing an additional 13,215 shares during the period. Finally, Jump Financial LLC increased its holdings in shares of Builders FirstSource by 144.1% in the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after purchasing an additional 4,264 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR stock traded down $3.90 on Tuesday, reaching $78.43. 454,403 shares of the company’s stock were exchanged, compared to its average volume of 2,455,836. The stock has a fifty day moving average of $78.48 and a 200-day moving average of $94.17. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03. The firm has a market cap of $8.44 billion, a PE ratio of 30.02, a P/E/G ratio of 2.03 and a beta of 1.42. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the business posted $1.51 EPS. Builders FirstSource’s revenue was down 10.1% compared to the same quarter last year. As a group, equities analysts predict that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a stock buyback plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Benchmark decreased their price target on Builders FirstSource from $138.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 1st. Jefferies Financial Group dropped their price objective on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Royal Bank Of Canada cut their price objective on shares of Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday. Finally, KeyCorp dropped their price target on shares of Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and a consensus price target of $101.88.

Builders FirstSource Profile

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.