Lmcg Investments LLC Sells 85 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Lmcg Investments LLC lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,009 shares of the company’s stock after selling 85 shares during the period. Lmcg Investments LLC’s holdings in Builders FirstSource were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in Builders FirstSource in the second quarter valued at about $27,000. Westside Investment Management Inc. bought a new stake in Builders FirstSource during the 1st quarter worth approximately $31,000. Principal Securities Inc. acquired a new position in Builders FirstSource in the 4th quarter valued at approximately $32,000. ORG Partners LLC bought a new position in shares of Builders FirstSource during the first quarter valued at $33,000. Finally, American Capital Advisory LLC acquired a new position in shares of Builders FirstSource during the first quarter worth $34,000. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the topic of several recent research reports. Bank of America downgraded Builders FirstSource from a “buy” rating to a “neutral” rating and cut their target price for the stock from $183.00 to $180.00 in a report on Friday, August 2nd. Benchmark lowered their target price on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Robert W. Baird raised Builders FirstSource from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $185.00 to $190.00 in a research note on Wednesday, August 7th. B. Riley reduced their price target on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Baird R W upgraded shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus price target of $184.43.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction on 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 sale, the director now owns 95,333 shares in the company, valued at approximately $14,650,775.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $193.89 on Wednesday. The stock has a 50-day moving average price of $163.42 and a 200 day moving average price of $170.74. The stock has a market capitalization of $23.67 billion, a P/E ratio of 16.60, a P/E/G ratio of 10.06 and a beta of 2.06. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88.

Builders FirstSource (NYSE:BLDR) last announced 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 during the quarter, compared to analyst estimates of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $3.89 EPS. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.65 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.