Builders FirstSource, Inc. $BLDR Shares Sold by Evercore Wealth Management LLC

Evercore Wealth Management LLC lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 2.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 802,718 shares of the company’s stock after selling 16,700 shares during the quarter. Evercore Wealth Management LLC’s holdings in Builders FirstSource were worth $66,088,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BLDR. Schwartz Investment Counsel Inc. lifted its stake in Builders FirstSource by 17.1% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock worth $9,857,000 after purchasing an additional 14,000 shares during the last quarter. Eagle Global Advisors LLC increased its stake in Builders FirstSource by 46.3% in the fourth quarter. Eagle Global Advisors LLC now owns 60,242 shares of the company’s stock valued at $6,198,000 after purchasing an additional 19,062 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Builders FirstSource by 10.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock valued at $24,993,000 after purchasing an additional 22,270 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Builders FirstSource by 13.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,872,708 shares of the company’s stock worth $192,683,000 after purchasing an additional 221,641 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Builders FirstSource by 99,084.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after purchasing an additional 2,239,301 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

BLDR stock opened at $72.59 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $7.81 billion, a P/E ratio of 27.81, a PEG ratio of 1.79 and a beta of 1.42. The business has a 50 day simple moving average of $77.16 and a 200-day simple moving average of $90.95. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced 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). The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The business’s revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 earnings per share. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 4.16 EPS for the current year.

Builders FirstSource announced that its Board of Directors has authorized a stock repurchase program on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BLDR. Jefferies Financial Group lowered their target price on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a report on Monday, May 4th. Barclays cut their price target on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. UBS Group reduced their price target on shares of Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. Finally, Loop Capital dropped their price objective on Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $100.35.

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.