Transform Wealth LLC Buys 5,301 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Transform Wealth LLC grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 16.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,264 shares of the company’s stock after purchasing an additional 5,301 shares during the period. Transform Wealth LLC’s holdings in Builders FirstSource were worth $7,980,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Allianz Asset Management GmbH raised its stake in shares of Builders FirstSource by 73.9% during the 4th quarter. Allianz Asset Management GmbH now owns 128,348 shares of the company’s stock valued at $21,426,000 after buying an additional 54,557 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Builders FirstSource by 18.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock worth $9,515,000 after buying an additional 9,122 shares during the last quarter. FCF Advisors LLC lifted its stake in Builders FirstSource by 81.9% in the 4th quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after purchasing an additional 9,470 shares in the last quarter. New York Life Investment Management LLC lifted its stake in Builders FirstSource by 437.8% in the 4th quarter. New York Life Investment Management LLC now owns 17,580 shares of the company’s stock worth $2,935,000 after purchasing an additional 14,311 shares in the last quarter. Finally, Boulder Hill Capital Management LP purchased a new position in Builders FirstSource in the 4th quarter worth approximately $851,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR traded down $0.61 during trading hours on Friday, hitting $137.25. The company had a trading volume of 387,016 shares, compared to its average volume of 1,557,865. 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, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70. The company has a market cap of $16.75 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 2.20 and a beta of 2.08. The business has a 50 day moving average of $163.40 and a 200-day moving average of $175.86.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the firm posted $2.96 earnings per share. Builders FirstSource’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 12.93 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays decreased their target price on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Jefferies Financial Group lifted their price target on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Bank of America reduced their price target on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Truist Financial cut their target price on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Finally, StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.47.

Insider Activity

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