Epacria Capital Partners LLC Sells 382 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Epacria Capital Partners LLC lowered its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,151 shares of the company’s stock after selling 382 shares during the quarter. Builders FirstSource comprises about 2.9% of Epacria Capital Partners LLC’s investment portfolio, making the stock its 9th biggest position. Epacria Capital Partners LLC’s holdings in Builders FirstSource were worth $4,294,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Builders FirstSource during the third quarter worth approximately $28,000. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter worth $30,000. Innealta Capital LLC acquired a new position in Builders FirstSource in the 2nd quarter valued at $27,000. Reston Wealth Management LLC bought a new position in Builders FirstSource in the 3rd quarter worth $39,000. Finally, Brown Brothers Harriman & Co. bought a new position in Builders FirstSource in the 3rd quarter worth $46,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Down 0.6 %

BLDR stock opened at $184.75 on Friday. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $185.90 and its 200-day moving average is $168.27. The firm has a market cap of $21.26 billion, a P/E ratio of 18.04, a P/E/G ratio of 1.06 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $4.44 billion. During the same period in the prior year, the firm earned $4.24 EPS. Builders FirstSource’s quarterly revenue was down 6.7% compared to the same quarter last year. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has approved a share repurchase program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and raised their price target for the company from $165.00 to $220.00 in a research report on Monday, September 16th. Benchmark lowered their target price on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Barclays lifted their price target on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price objective on the stock. Finally, Baird R W upgraded shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $206.47.

Insider Transactions at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by insiders.

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.