Builders FirstSource, Inc. (NYSE:BLDR) Director Craig Arthur Steinke Sells 30,000 Shares

Builders FirstSource, Inc. (NYSE:BLDR) Director Craig Arthur Steinke sold 30,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 95,333 shares in the company, valued at $14,650,775.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Builders FirstSource Trading Down 0.2 %

Shares of BLDR opened at $160.60 on Thursday. The stock’s 50-day moving average price is $149.89 and its 200 day moving average price is $172.88. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $19.60 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 2.57 and a beta of 2.04. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70.

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

Builders FirstSource announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BLDR. B. Riley cut their price objective on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $185.00 price objective (down from $205.00) on shares of Builders FirstSource in a report on Friday, August 9th. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of Builders FirstSource in a research note on Tuesday, August 6th. Finally, Baird R W raised shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus target price of $180.47.

Institutional Trading of Builders FirstSource

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

About Builders FirstSource

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.