Insider Selling: Builders FirstSource, Inc. (NYSE:BLDR) Director Sells $4,610,400.00 in Stock

Builders FirstSource, Inc. (NYSE:BLDR) Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the transaction, the director now owns 95,333 shares in the company, valued at approximately $14,650,775.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Builders FirstSource Stock Down 0.2 %

Shares of NYSE BLDR opened at $160.60 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. Builders FirstSource, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70. The stock’s 50-day simple moving average is $149.89 and its 200-day simple moving average is $172.88. The firm has a market cap of $19.60 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 2.57 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same quarter last year, the firm earned $3.89 EPS. Builders FirstSource’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 12.91 earnings per share for the current fiscal year.

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

Institutional Trading of Builders FirstSource

Several institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its stake in shares of Builders FirstSource by 62.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,460 shares of the company’s stock valued at $745,000 after purchasing an additional 1,716 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Builders FirstSource by 10.4% in the fourth quarter. Bleakley Financial Group LLC now owns 2,135 shares of the company’s stock valued at $356,000 after buying an additional 201 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Builders FirstSource during the fourth quarter valued at approximately $221,000,000. Allspring Global Investments Holdings LLC lifted its holdings in Builders FirstSource by 53.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 94,505 shares of the company’s stock worth $15,777,000 after buying an additional 32,819 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Builders FirstSource in the 4th quarter worth approximately $218,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLDR has been the topic of several research analyst reports. Robert W. Baird raised Builders FirstSource from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $185.00 to $190.00 in a research note on Wednesday, August 7th. Benchmark decreased their price objective on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Oppenheimer reissued an “outperform” rating and issued a $190.00 price objective (down previously from $230.00) on shares of Builders FirstSource in a research report on Thursday, August 8th. Stifel Nicolaus reduced their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Royal Bank of Canada lowered their price target on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $180.47.

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.