Flagship Harbor Advisors LLC Sells 324 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Flagship Harbor Advisors LLC reduced its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 11.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,575 shares of the company’s stock after selling 324 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Builders FirstSource were worth $322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the 4th quarter worth approximately $34,000. Sentry Investment Management LLC acquired a new position in Builders FirstSource during the first quarter worth $40,000. CX Institutional bought a new stake in Builders FirstSource during the first quarter worth $45,000. Smartleaf Asset Management LLC lifted its stake in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after acquiring an additional 134 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of Builders FirstSource in the 4th quarter valued at about $74,000. 95.53% of the stock is owned by institutional investors.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy bought 283,517 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were purchased at an average price of $111.21 per share, for a total transaction of $31,529,925.57. Following the completion of the transaction, the director now directly owns 1,672,687 shares in the company, valued at approximately $186,019,521.27. The trade was a 20.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dirkson R. Charles bought 5,000 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $548,350. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 505,000 shares of company stock valued at $56,032,120 over the last three months. 2.00% of the stock is owned by insiders.

Builders FirstSource Stock Down 2.3%

BLDR stock opened at $116.05 on Thursday. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. The business has a 50-day simple moving average of $113.71 and a 200 day simple moving average of $133.53. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. The company has a market cap of $12.82 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 7.57 and a beta of 1.69.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the previous year, the company earned $2.65 EPS. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its board has approved a stock repurchase program on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of Builders FirstSource from $180.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Raymond James Financial restated an “outperform” rating and issued a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a research report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 price objective for the company. Robert W. Baird set a $130.00 target price on Builders FirstSource in a report on Friday, May 2nd. Finally, Stephens cut their price target on Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.11.

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.