TFB Advisors LLC Decreases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

TFB Advisors LLC trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 31.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,740 shares of the company’s stock after selling 1,691 shares during the quarter. TFB Advisors LLC’s holdings in Builders FirstSource were worth $725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Innealta Capital LLC acquired a new position in Builders FirstSource in the second quarter valued at approximately $27,000. Armstrong Advisory Group Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $30,000. ORG Partners LLC acquired a new stake in shares of Builders FirstSource during the 1st quarter worth about $33,000. First Horizon Advisors Inc. raised its holdings in Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after buying an additional 75 shares during the period. Finally, New Millennium Group LLC acquired a new position in Builders FirstSource in the second quarter valued at about $38,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $179.09 on Friday. 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, Inc. has a 12-month low of $120.80 and a 12-month high of $214.70. The company has a market cap of $20.86 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 10.17 and a beta of 2.08. The stock has a 50 day simple moving average of $184.71 and a 200-day simple moving average of $168.52.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the company earned $4.24 earnings per share. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.69 EPS for the current year.

Builders FirstSource declared that its board has authorized a stock buyback plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in 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 a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America upped their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Royal Bank of Canada lifted their price objective on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday. B. Riley decreased their target price 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. Barclays lifted their target price on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, UBS Group assumed coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and an average price target of $206.47.

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.