Builders FirstSource, Inc. (NYSE:BLDR) Stock Position Raised by HB Wealth Management LLC

HB Wealth Management LLC lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,147 shares of the company’s stock after buying an additional 108 shares during the quarter. HB Wealth Management LLC’s holdings in Builders FirstSource were worth $448,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in BLDR. Lazard Asset Management LLC lifted its position in shares of Builders FirstSource by 1.8% in the third quarter. Lazard Asset Management LLC now owns 15,351 shares of the company’s stock worth $1,911,000 after buying an additional 277 shares during the last quarter. Glenmede Trust Co. NA grew its stake in Builders FirstSource by 13.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 16,988 shares of the company’s stock valued at $2,115,000 after buying an additional 1,959 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Builders FirstSource by 7.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 845,164 shares of the company’s stock worth $105,220,000 after acquiring an additional 55,216 shares during the period. Legal & General Group Plc lifted its position in Builders FirstSource by 27.1% during the 3rd quarter. Legal & General Group Plc now owns 831,395 shares of the company’s stock worth $103,501,000 after acquiring an additional 177,188 shares during the last quarter. Finally, JT Stratford LLC bought a new stake in Builders FirstSource during the third quarter valued at about $823,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Robert W. Baird dropped their target price on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Truist Financial cut their target price on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Bank of America decreased 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. Finally, Jefferies Financial Group increased their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.47.

Insider Transactions at Builders FirstSource

In related news, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction on 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 disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR traded down $2.87 on Friday, reaching $131.51. The stock had a trading volume of 607,403 shares, compared to its average volume of 1,566,810. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $16.05 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 2.16 and a beta of 2.04. Builders FirstSource, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70. The stock has a fifty day moving average price of $158.63 and a 200-day moving average price of $175.11.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. During the same quarter in the previous year, the company posted $2.96 earnings per share. Builders FirstSource’s quarterly revenue was up .2% compared to the same quarter last year. Research analysts forecast that Builders FirstSource, Inc. will post 12.93 EPS for the current year.

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.