LRT Capital Management LLC Sells 17,156 Shares of Builders FirstSource, Inc. $BLDR

LRT Capital Management LLC decreased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 87.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,376 shares of the company’s stock after selling 17,156 shares during the quarter. LRT Capital Management LLC’s holdings in Builders FirstSource were worth $288,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. TD Waterhouse Canada Inc. bought a new stake in Builders FirstSource in the third quarter worth $34,000. CYBER HORNET ETFs LLC purchased a new position in Builders FirstSource during the second quarter worth $38,000. MUFG Securities EMEA plc bought a new position in Builders FirstSource during the second quarter valued at $38,000. IMA Advisory Services Inc. increased its position in Builders FirstSource by 40.9% during the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after acquiring an additional 103 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Builders FirstSource in the third quarter valued at $44,000. Institutional investors own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

In related news, Director Paul S. Levy acquired 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the purchase, the director directly owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This trade represents a 2.98% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $87.05 on Tuesday. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.13 and a beta of 1.56. Builders FirstSource, Inc. has a 52-week low of $86.18 and a 52-week high of $151.03. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02. The company’s 50 day moving average is $112.46 and its 200 day moving average is $115.52.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm’s quarterly revenue was down 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 EPS. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

BLDR has been the subject of several analyst reports. BMO Capital Markets lowered their target price on shares of Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating for the company in a report on Friday, February 20th. Wells Fargo & Company upped their price target on shares of Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a report on Wednesday, February 11th. UBS Group reduced their price objective on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. DA Davidson decreased their price objective on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Finally, Jefferies Financial Group dropped their target price on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and a consensus price target of $126.65.

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.