Banque Cantonale Vaudoise Sells 11,039 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Banque Cantonale Vaudoise reduced its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 64.6% in the second quarter, Holdings Channel reports. The firm owned 6,057 shares of the company’s stock after selling 11,039 shares during the period. Banque Cantonale Vaudoise’s holdings in Builders FirstSource were worth $839,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new position in Builders FirstSource during the fourth quarter worth about $25,000. Innealta Capital LLC purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $27,000. Westside Investment Management Inc. bought a new position in shares of Builders FirstSource in the 1st quarter worth $31,000. Principal Securities Inc. purchased a new stake in shares of Builders FirstSource during the 4th quarter valued at $32,000. Finally, ORG Partners LLC bought a new stake in shares of Builders FirstSource during the 1st quarter worth $33,000. Institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling 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 transaction of $4,610,400.00. Following the transaction, the director now directly owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Stifel Nicolaus cut their price objective on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada lowered their price target on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, B. Riley decreased their price objective on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.50.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $174.00 on Monday. The business has a 50 day moving average of $155.31 and a 200 day moving average of $171.93. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70. The company has a market cap of $21.24 billion, a PE ratio of 14.90, a P/E/G ratio of 10.07 and a beta of 2.04. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88.

Builders FirstSource (NYSE:BLDR) last issued 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 the consensus estimate of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.89 EPS. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 11.91 earnings per share for the current year.

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

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.