Regents Gate Capital LLP lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 91.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,887 shares of the company’s stock after selling 32,888 shares during the period. Regents Gate Capital LLP’s holdings in Builders FirstSource were worth $297,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC increased its holdings in shares of Builders FirstSource by 9.3% in the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after purchasing an additional 295 shares during the period. Woodline Partners LP grew its position in Builders FirstSource by 40.7% during the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after buying an additional 2,812 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Builders FirstSource by 180.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock worth $185,000 after acquiring an additional 1,017 shares during the last quarter. Baird Financial Group Inc. increased its stake in Builders FirstSource by 230.7% in the 2nd quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after acquiring an additional 13,215 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Builders FirstSource by 144.1% in the 2nd quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after acquiring an additional 4,264 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.
Builders FirstSource Price Performance
BLDR stock opened at $78.60 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The firm has a 50 day moving average price of $79.34 and a 200-day moving average price of $97.33. Builders FirstSource, Inc. has a 52-week low of $65.10 and a 52-week high of $151.03. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.79 and a beta of 1.44.
Builders FirstSource declared that its board has initiated a stock buyback plan on Thursday, April 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
Analyst Ratings Changes
BLDR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Jefferies Financial Group reduced their target price on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Stifel Nicolaus decreased their price objective on shares of Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a report on Monday, March 16th. Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Finally, Robert W. Baird lowered their price objective on shares of Builders FirstSource from $125.00 to $95.00 in a report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $101.88.
Check Out Our Latest Analysis on BLDR
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.
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