SG Americas Securities LLC Has $4.16 Million Stock Position in Builders FirstSource, Inc. $BLDR

SG Americas Securities LLC cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 55.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,534 shares of the company’s stock after selling 61,929 shares during the period. SG Americas Securities LLC’s holdings in Builders FirstSource were worth $4,160,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. State Street Corp increased its stake in shares of Builders FirstSource by 2.3% in the 4th quarter. State Street Corp now owns 5,108,120 shares of the company’s stock valued at $525,574,000 after purchasing an additional 115,857 shares during the last quarter. Capital International Investors bought a new stake in shares of Builders FirstSource during the 3rd quarter worth $429,640,000. Wellington Management Group LLP boosted its stake in Builders FirstSource by 2.3% in the fourth quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock valued at $341,265,000 after buying an additional 73,835 shares in the last quarter. Geode Capital Management LLC boosted its stake in Builders FirstSource by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after buying an additional 14,420 shares in the last quarter. Finally, Sands Capital Management LLC grew its position in Builders FirstSource by 13.5% in the fourth quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock valued at $283,767,000 after acquiring an additional 327,067 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BLDR. UBS Group lowered their target price on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, May 1st. KeyCorp reduced 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. Barclays decreased their price target on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Wells Fargo & Company dropped their price objective on shares of Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Finally, The Goldman Sachs Group cut their target price on shares of Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average target price of $101.88.

Builders FirstSource Stock Up 1.5%

NYSE:BLDR opened at $90.45 on Tuesday. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The company has a market cap of $9.73 billion, a PE ratio of 34.65, a P/E/G ratio of 2.14 and a beta of 1.45. The firm’s 50 day simple moving average is $78.98 and its 200 day simple moving average is $94.94.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.51 earnings per share. On average, research analysts anticipate that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has initiated a stock buyback program on Thursday, April 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.