Thames Capital Management LLC Sells 13,464 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Thames Capital Management LLC lowered its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 87.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,940 shares of the company’s stock after selling 13,464 shares during the period. Builders FirstSource comprises 0.1% of Thames Capital Management LLC’s portfolio, making the stock its 25th largest holding. Thames Capital Management LLC’s holdings in Builders FirstSource were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BLDR. Westside Investment Management Inc. acquired a new position in shares of Builders FirstSource in the 1st quarter worth approximately $31,000. ORG Partners LLC bought a new stake in Builders FirstSource in the first quarter valued at $33,000. American Capital Advisory LLC acquired a new position in Builders FirstSource during the first quarter worth $34,000. Principal Securities Inc. bought a new stake in Builders FirstSource during the 4th quarter worth approximately $32,000. Finally, Innealta Capital LLC acquired a new position in Builders FirstSource in the second quarter worth $27,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE BLDR opened at $197.74 on Friday. The firm’s 50 day moving average is $167.76 and its 200-day moving average is $171.06. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $24.14 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 10.06 and a beta of 2.06. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.02 by $0.48. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.89 EPS. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.65 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has initiated a share buyback plan 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Builders FirstSource

In related 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 in the company, valued at $14,650,775.44. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wedbush restated an “outperform” rating and issued a $175.00 target price on shares of Builders FirstSource in a research note on Tuesday, August 6th. Benchmark decreased their price objective on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and increased their target price for the company from $165.00 to $220.00 in a research note on Monday, September 16th. Oppenheimer raised their target price on Builders FirstSource from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Baird R W raised Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and an average target price of $190.00.

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.