Whittier Trust Co. of Nevada Inc. Trims Holdings in Builders FirstSource, Inc. $BLDR

Whittier Trust Co. of Nevada Inc. lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 37.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,473 shares of the company’s stock after selling 26,516 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Builders FirstSource were worth $3,649,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. NBT Bank N A NY boosted its stake in Builders FirstSource by 1,841.7% during the 1st quarter. NBT Bank N A NY now owns 2,000 shares of the company’s stock valued at $165,000 after acquiring an additional 1,897 shares during the last quarter. V Square Quantitative Management LLC increased its position in shares of Builders FirstSource by 26.7% in the 1st quarter. V Square Quantitative Management LLC now owns 3,178 shares of the company’s stock worth $262,000 after purchasing an additional 670 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Builders FirstSource by 26.5% in the 1st quarter. HB Wealth Management LLC now owns 5,201 shares of the company’s stock valued at $428,000 after purchasing an additional 1,090 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of Builders FirstSource by 28.1% during the first quarter. Moran Wealth Management LLC now owns 69,511 shares of the company’s stock worth $5,723,000 after purchasing an additional 15,268 shares during the last quarter. Finally, Altus Wealth Group LLC lifted its position in shares of Builders FirstSource by 6.0% during the first quarter. Altus Wealth Group LLC now owns 48,066 shares of the company’s stock worth $3,957,000 after purchasing an additional 2,718 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $3.90 during trading hours on Tuesday, hitting $78.43. The stock had a trading volume of 454,403 shares, compared to its average volume of 2,455,836. The stock’s fifty day simple moving average is $78.48 and its 200 day simple moving average is $94.17. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.03 and a beta of 1.42. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. Builders FirstSource, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.12). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The business’s quarterly revenue was down 10.1% on a year-over-year basis. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 4.26 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has initiated a stock repurchase plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a report on Monday, May 4th. Jefferies Financial Group reduced their target price on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday. Wolfe Research upgraded Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Finally, Royal Bank Of Canada lowered their target price on shares of Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $101.88.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.