SG Americas Securities LLC reduced its stock position in Builders FirstSource, Inc. (NYSE:BLDR)

SG Americas Securities LLC reduced its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 78.7% during the second quarter, Holdings Channel.com reports. The fund owned 13,323 shares of the company’s stock after selling 49,299 shares during the period. SG Americas Securities LLC’s holdings in Builders FirstSource were worth $1,844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allianz Asset Management GmbH raised its stake in Builders FirstSource by 73.9% in the fourth quarter. Allianz Asset Management GmbH now owns 128,348 shares of the company’s stock worth $21,426,000 after purchasing an additional 54,557 shares during the period. New York Life Investment Management LLC grew its position in Builders FirstSource by 437.8% during the 4th quarter. New York Life Investment Management LLC now owns 17,580 shares of the company’s stock worth $2,935,000 after buying another 14,311 shares in the last quarter. Boulder Hill Capital Management LP purchased a new position in shares of Builders FirstSource in the 4th quarter valued at about $851,000. Victory Capital Management Inc. raised its stake in Builders FirstSource by 41.6% in the 4th quarter. Victory Capital Management Inc. now owns 213,133 shares of the company’s stock valued at $35,580,000 after buying an additional 62,601 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in Builders FirstSource during the fourth quarter valued at approximately $1,319,000. 95.53% of shares are currently owned by institutional investors.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $160.60 on Thursday. The company has a 50 day moving average of $149.89 and a two hundred day moving average of $172.88. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21, and a quick ratio of 1.45. Builders FirstSource, Inc. it has a one year low of $105.24 and a one year high of $214.70. The stock has a market cap of $19.60 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 2.57 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the company posted earnings of $3.89 per share. Builders FirstSource’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Builders FirstSource, Inc. to post 12.91 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has approved a stock repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to acquire up to 5.3% of its shares through open market purchases. Share buyback plans are often an indication that a company’s board of directors believes its stock is undervalued.

Analyst upgrades and downgrades

A number of research firms have weighed in on BLDR. Zelman & Associates reissued a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Stifel Nicolaus cut their price target on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, August 8th. 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 report on Wednesday, August 7th. Finally, Royal Bank of Canada decreased their target price on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $180.47, based on data from MarketBeat.com.

Get the latest research report on BLDR

Indoor activity

In other news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the sale, the director now directly owns 95,333 shares of the company’s stock, valued at $14,650,775.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In other news, insider Michael Hiller sold 4,875 shares of Builders FirstSource 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 transaction, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction that occurred 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 owns 95,333 shares in the company, valued at $14,650,775.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold a total of 43,993 shares of company stock worth $6,937,807. 1.80% of shares are currently owned by company insiders.

About Builders FirstSource

(Free Report)

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components and construction services to professional home builders, subcontractors, remodelers and consumers in the United States. Provides lumber and sheet goods that include dimensional lumber, plywood and oriented strand board products that are used within the home on site; manufactured products such as wood floor and roof trusses, floor trusses, wall panels, stairs and engineered wood products; and interior and exterior window and door units, as well as interior trim and custom products comprising intricate moldings, stair parts and columns under the Synboard brand.

Further reading

Want to see what other hedge funds own BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Builders FirstSource, Inc. (NYSE:BLDR – Free Report).

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