Securian Asset Management Inc. Sells 300 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Securian Asset Management Inc. decreased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,891 shares of the company’s stock after selling 300 shares during the period. Securian Asset Management Inc.’s holdings in Builders FirstSource were worth $954,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Perkins Coie Trust Co acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $309,000. Czech National Bank raised its position in Builders FirstSource by 7.2% in the 2nd quarter. Czech National Bank now owns 23,260 shares of the company’s stock valued at $3,219,000 after buying an additional 1,557 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in Builders FirstSource by 82.8% in the 2nd quarter. Gateway Investment Advisers LLC now owns 2,929 shares of the company’s stock valued at $405,000 after acquiring an additional 1,327 shares in the last quarter. QRG Capital Management Inc. boosted its position in Builders FirstSource by 7.8% during the 2nd quarter. QRG Capital Management Inc. now owns 17,677 shares of the company’s stock worth $2,447,000 after acquiring an additional 1,283 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its stake in shares of Builders FirstSource by 18.6% during the 2nd quarter. Capital Investment Advisors LLC now owns 7,615 shares of the company’s stock worth $1,054,000 after acquiring an additional 1,196 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of research reports. Barclays cut their price objective on shares of Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. B. Riley reduced their price objective on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Bank of America cut Builders FirstSource from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $183.00 to $180.00 in a report on Friday, August 2nd. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Finally, Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.47.

Builders FirstSource Stock Performance

BLDR traded down $1.62 during trading hours on Monday, reaching $153.89. The company’s stock had a trading volume of 755,642 shares, compared to its average volume of 1,642,446. The company’s 50-day moving average is $149.36 and its 200-day moving average is $173.15. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70. The firm has a market cap of $18.78 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 2.57 and a beta of 2.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.02 by $0.48. The firm 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 8.57% and a return on equity of 38.66%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.89 earnings per share. On average, equities analysts forecast that Builders FirstSource, Inc. will post 12.91 EPS for the current year.

Builders FirstSource declared that its Board of Directors has authorized a stock buyback plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Builders FirstSource

In related news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

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.