Lombard Odier Asset Management Switzerland SA Sells 7,700 Shares of Builders FirstSource, Inc. $BLDR

Lombard Odier Asset Management Switzerland SA lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 25.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,278 shares of the company’s stock after selling 7,700 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Builders FirstSource were worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Builders FirstSource by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after acquiring an additional 295 shares in the last quarter. Woodline Partners LP increased its holdings in Builders FirstSource by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,812 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Builders FirstSource by 180.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock valued at $185,000 after purchasing an additional 1,017 shares during the last quarter. Baird Financial Group Inc. raised its position in Builders FirstSource by 230.7% in the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock valued at $2,210,000 after purchasing an additional 13,215 shares during the last quarter. Finally, Jump Financial LLC boosted its stake in shares of Builders FirstSource by 144.1% during the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after purchasing an additional 4,264 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.0%

NYSE BLDR opened at $72.89 on Monday. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 1.79 and a beta of 1.42. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03. The business has a 50 day moving average price of $77.11 and a 200-day moving average price of $91.22. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the business earned $1.51 earnings per share. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, equities analysts expect that Builders FirstSource, Inc. will post 4.16 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has authorized a stock buyback plan on Thursday, April 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

BLDR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Builders FirstSource from $102.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Truist Financial dropped their price target on shares of Builders FirstSource from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group cut their price target on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, May 4th. The Goldman Sachs Group reduced their price objective on shares of Builders FirstSource from $110.00 to $101.00 in a research note on Friday, May 1st. Finally, Wolfe Research upgraded Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.