Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. trimmed its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 53.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,073 shares of the company's stock after selling 14,026 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Builders FirstSource were worth $2,340,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company's stock worth $163,373,000 after buying an additional 911,990 shares during the period. Bessemer Group Inc. increased its position in shares of Builders FirstSource by 477,028.7% in the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company's stock valued at $93,535,000 after purchasing an additional 448,407 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at $49,000,000. Oakworth Capital Inc. acquired a new position in shares of Builders FirstSource during the third quarter worth $40,955,000. Finally, Bank of New York Mellon Corp increased its holdings in Builders FirstSource by 22.7% in the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company's stock valued at $147,059,000 after buying an additional 196,571 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Insider Activity

In related news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the transaction, the director now directly owns 95,333 shares of the company's stock, valued at $14,650,775.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.80% of the company's stock.

Builders FirstSource Stock Down 2.3 %

BLDR opened at $180.62 on Wednesday. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70. The business has a 50 day moving average price of $182.81 and a two-hundred day moving average price of $169.11. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The company has a market cap of $22.05 billion, a PE ratio of 15.46, a P/E/G ratio of 11.48 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.02 by $0.48. The business had revenue of $4.46 billion during the quarter, compared to analysts' expectations of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.89 earnings per share. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.68 EPS for the current year.

Builders FirstSource declared that its board has initiated a stock buyback program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

BLDR has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price target on Builders FirstSource from $217.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Truist Financial upgraded Builders FirstSource from a "hold" rating to a "buy" rating and boosted their target price for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Loop Capital increased their price target on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Oppenheimer boosted their price objective on shares of Builders FirstSource from $205.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 18th. Finally, Wedbush restated an "outperform" rating and issued a $175.00 target price on shares of Builders FirstSource in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $198.38.

Builders FirstSource Profile

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.

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