Epacria Capital Partners LLC Decreases Position in Builders FirstSource, Inc. (NYSE:BLDR)

Epacria Capital Partners LLC trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR) by 1.7% in the third quarter, Holdings Channel.com reports. The firm owned 22,151 shares of the company’s stock after selling 382 shares during the period. Builders FirstSource comprises approximately 2.9% of Epacria Capital Partners LLC’s portfolio, making the stock its 9th largest holding. Epacria Capital Partners LLC’s holdings in Builders FirstSource were worth $4,294,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. Cyndeo Wealth Partners LLC grew its position in shares of Builders FirstSource by 3.7% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock worth $305,000 after buying an additional 56 shares during the period. World Equity Group Inc. increased its stake in Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after purchasing an additional 64 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Builders FirstSource by 0.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after purchasing an additional 74 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after purchasing an additional 75 shares in the last quarter. Finally, Csenge Advisory Group grew its holdings in shares of Builders FirstSource by 1.9% in the 2nd quarter. Csenge Advisory Group now owns 4,252 shares of the company’s stock valued at $589,000 after buying an additional 81 shares during the period. 95.53% of the stock is owned by institutional investors.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is owned by company insiders.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $184.75 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The business has a 50-day moving average of $185.90 and a 200-day moving average of $168.27. The stock has a market capitalization of $21.26 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.06 and a beta of 2.08. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70.

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 net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the business earned $4.24 earnings per share. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a stock buyback plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

BLDR has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. DA Davidson raised their price target on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their price objective on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. 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, Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and lifted their price target for the company from $165.00 to $220.00 in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price 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.