Bank of Montreal Can Has $8.40 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Bank of Montreal Can lifted its position in Builders FirstSource, Inc. (NYSE:BLDRGet Rating) by 230.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,402 shares of the company’s stock after acquiring an additional 86,051 shares during the period. Bank of Montreal Can owned approximately 0.07% of Builders FirstSource worth $8,404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BLDR. AlphaCrest Capital Management LLC boosted its position in shares of Builders FirstSource by 51.0% during the first quarter. AlphaCrest Capital Management LLC now owns 24,930 shares of the company’s stock worth $1,609,000 after purchasing an additional 8,423 shares in the last quarter. Lingohr & Partner Asset Management GmbH acquired a new stake in Builders FirstSource during the 1st quarter worth $398,000. PNC Financial Services Group Inc. lifted its holdings in Builders FirstSource by 37.0% during the first quarter. PNC Financial Services Group Inc. now owns 8,329 shares of the company’s stock worth $537,000 after acquiring an additional 2,249 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Builders FirstSource by 62.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 531,146 shares of the company’s stock valued at $34,280,000 after acquiring an additional 203,892 shares during the period. Finally, Cetera Advisors LLC increased its holdings in shares of Builders FirstSource by 72.7% in the first quarter. Cetera Advisors LLC now owns 10,570 shares of the company’s stock worth $682,000 after acquiring an additional 4,449 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Builders FirstSource Price Performance

Shares of BLDR opened at $57.64 on Wednesday. The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 0.69. The company’s fifty day simple moving average is $63.51 and its 200 day simple moving average is $65.04. Builders FirstSource, Inc. has a 1-year low of $48.91 and a 1-year high of $86.48. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 4.01 and a beta of 2.20.

Builders FirstSource (NYSE:BLDRGet Rating) last released its quarterly earnings data on Monday, August 1st. The company reported $6.26 earnings per share for the quarter, topping the consensus estimate of $2.91 by $3.35. Builders FirstSource had a net margin of 11.79% and a return on equity of 58.32%. The company had revenue of $6.93 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same period in the previous year, the business earned $2.76 EPS. Builders FirstSource’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, research analysts forecast that Builders FirstSource, Inc. will post 15.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent analyst reports. B. Riley lifted their price objective on Builders FirstSource from $71.00 to $75.00 in a report on Tuesday, August 2nd. Truist Financial upped their price target on shares of Builders FirstSource from $78.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research report on Wednesday, August 17th. They issued a “buy” rating and a $93.00 price objective on the stock. Robert W. Baird increased their target price on Builders FirstSource from $74.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. Finally, BTIG Research lowered Builders FirstSource from a “buy” rating to a “neutral” rating in a report on Tuesday, August 2nd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.77.

Insider Buying and Selling at Builders FirstSource

In other news, Director Floyd F. Sherman sold 35,000 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $55.09, for a total transaction of $1,928,150.00. Following the completion of the transaction, the director now directly owns 13,972 shares in the company, valued at approximately $769,717.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Builders FirstSource Profile

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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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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