Coldstream Capital Management Inc. Sells 138 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Coldstream Capital Management Inc. cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,656 shares of the company’s stock after selling 138 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Builders FirstSource were worth $783,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Private Advisor Group LLC raised its holdings in Builders FirstSource by 45.0% in the fourth quarter. Private Advisor Group LLC now owns 4,012 shares of the company’s stock worth $670,000 after buying an additional 1,246 shares during the last quarter. Principal Securities Inc. purchased a new position in Builders FirstSource in the 4th quarter worth approximately $32,000. QRG Capital Management Inc. lifted its position in Builders FirstSource by 7.1% in the 4th quarter. QRG Capital Management Inc. now owns 9,467 shares of the company’s stock valued at $1,580,000 after acquiring an additional 627 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Builders FirstSource by 6.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,848 shares of the company’s stock valued at $475,000 after purchasing an additional 174 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Builders FirstSource by 119.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 120,842 shares of the company’s stock worth $19,251,000 after purchasing an additional 65,702 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $175.89 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83. The stock has a 50-day simple moving average of $160.51 and a two-hundred day simple moving average of $171.12. The firm has a market capitalization of $21.47 billion, a PE ratio of 15.06, a P/E/G ratio of 9.76 and a beta of 2.06. Builders FirstSource, Inc. has a 52-week low of $105.24 and a 52-week high of $214.70.

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. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the previous year, the company posted $3.89 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. Analysts forecast that Builders FirstSource, Inc. will post 11.91 EPS for the current year.

Builders FirstSource declared that its board has authorized 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 repurchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Craig Arthur Steinke sold 30,000 shares of the firm’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 sale, the director now directly owns 95,333 shares in the company, valued at approximately $14,650,775.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Builders FirstSource in a research report on Tuesday, August 6th. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Robert W. Baird raised shares of Builders FirstSource from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $185.00 to $190.00 in a report on Wednesday, August 7th. B. Riley dropped their target price on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $185.00 target price (down from $205.00) on shares of Builders FirstSource in a research note on Friday, August 9th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and an average target price of $181.57.

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.