Crossmark Global Holdings Inc. Lowers Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Crossmark Global Holdings Inc. lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 13.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,442 shares of the company’s stock after selling 828 shares during the period. Crossmark Global Holdings Inc.’s holdings in Builders FirstSource were worth $1,055,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BLDR. Massachusetts Financial Services Co. MA lifted its holdings in shares of Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after acquiring an additional 911,990 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Builders FirstSource by 109.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company’s stock valued at $175,366,000 after purchasing an additional 473,238 shares in the last quarter. Bessemer Group Inc. raised its position in Builders FirstSource by 477,028.7% during the first quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after purchasing an additional 448,407 shares in the last quarter. Clearbridge Investments LLC bought a new stake in Builders FirstSource during the second quarter worth about $49,000,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth about $40,955,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on BLDR shares. Oppenheimer restated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Stifel Nicolaus reduced their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Robert W. Baird boosted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and raised their price objective for the company from $165.00 to $220.00 in a research note on Monday, September 16th. Finally, UBS Group assumed coverage on Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 target price for the company. Five investment analysts have rated the stock with a hold rating, fourteen have assigned 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 price target of $206.47.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Builders FirstSource Price Performance

BLDR stock opened at $181.21 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. Builders FirstSource, Inc. has a 1 year low of $128.57 and a 1 year high of $214.70. The firm has a 50-day moving average of $185.68 and a 200 day moving average of $168.35. The company has a market cap of $20.85 billion, a P/E ratio of 17.70, a PEG ratio of 1.00 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the company posted $4.24 EPS. The firm’s revenue was down 6.7% on a year-over-year basis. On average, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

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

Builders FirstSource Company 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.