Mezzasalma Advisors LLC Purchases 4,725 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Mezzasalma Advisors LLC lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 31.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,892 shares of the company’s stock after purchasing an additional 4,725 shares during the period. Builders FirstSource accounts for about 2.0% of Mezzasalma Advisors LLC’s holdings, making the stock its 14th biggest position. Mezzasalma Advisors LLC’s holdings in Builders FirstSource were worth $4,148,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. EdgeRock Capital LLC bought a new stake in Builders FirstSource in the fourth quarter worth about $25,000. Westside Investment Management Inc. purchased a new position in shares of Builders FirstSource in the first quarter worth about $31,000. Contravisory Investment Management Inc. purchased a new position in shares of Builders FirstSource in the fourth quarter worth about $28,000. Rakuten Securities Inc. purchased a new position in shares of Builders FirstSource in the fourth quarter worth about $29,000. Finally, Principal Securities Inc. purchased a new position in Builders FirstSource during the fourth quarter valued at approximately $32,000. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on BLDR shares. Barclays reduced their price objective on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Truist Financial reduced their price objective 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. Robert W. Baird dropped their target price on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Jefferies Financial Group lifted their target price 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. Finally, Bank of America dropped their target price on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $192.47.

Builders FirstSource Trading Down 0.3 %

Shares of BLDR traded down $0.36 during mid-day trading on Thursday, reaching $134.38. The company’s stock had a trading volume of 679,205 shares, compared to its average volume of 1,911,165. The stock has a market cap of $16.40 billion, a PE ratio of 11.51, a P/E/G ratio of 2.17 and a beta of 2.04. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70. The company’s fifty day moving average price is $158.63 and its two-hundred day moving average price is $175.11.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.83 billion. During the same period in the prior year, the business posted $2.96 EPS. The firm’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Hiller sold 4,875 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the sale, the insider now directly owns 30,106 shares in the company, valued at $4,794,380.50. The disclosure for this sale can be found here. 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.