Builders FirstSource, Inc. (NYSE:BLDR) Holdings Reduced by American Century Companies Inc.

American Century Companies Inc. decreased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 20.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 243,718 shares of the company’s stock after selling 61,686 shares during the period. American Century Companies Inc. owned approximately 0.19% of Builders FirstSource worth $21,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Builders FirstSource by 1,106.4% in the first quarter. Envestnet Asset Management Inc. now owns 844,518 shares of the company’s stock valued at $5,183,000 after acquiring an additional 774,515 shares in the last quarter. Connectus Wealth LLC boosted its holdings in shares of Builders FirstSource by 12.3% in the first quarter. Connectus Wealth LLC now owns 24,089 shares of the company’s stock valued at $2,139,000 after acquiring an additional 2,640 shares in the last quarter. Cambria Investment Management L.P. bought a new position in shares of Builders FirstSource in the first quarter valued at approximately $638,000. Commonwealth Equity Services LLC boosted its holdings in shares of Builders FirstSource by 25.2% in the first quarter. Commonwealth Equity Services LLC now owns 12,049 shares of the company’s stock valued at $1,069,000 after acquiring an additional 2,425 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Builders FirstSource by 14.4% in the first quarter. Oppenheimer & Co. Inc. now owns 6,833 shares of the company’s stock valued at $607,000 after acquiring an additional 859 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, insider Jami Beckmann sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $120.69, for a total value of $241,380.00. Following the transaction, the insider now owns 41,262 shares in the company, valued at approximately $4,979,910.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Timothy D. Johnson sold 5,000 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $151.69, for a total transaction of $758,450.00. Following the transaction, the executive vice president now owns 65,748 shares in the company, valued at approximately $9,973,314.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jami Beckmann sold 2,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $120.69, for a total transaction of $241,380.00. Following the transaction, the insider now owns 41,262 shares in the company, valued at approximately $4,979,910.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,965 shares of company stock worth $1,882,113. 1.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Zelman & Associates upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Stephens increased their target price on shares of Builders FirstSource from $130.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. Barclays increased their target price on shares of Builders FirstSource from $166.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. BMO Capital Markets increased their target price on shares of Builders FirstSource from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, August 4th. Finally, Robert W. Baird lowered shares of Builders FirstSource from an “outperform” rating to a “neutral” rating and set a $96.00 target price for the company. in a research note on Thursday, May 4th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus price target of $147.17.

Builders FirstSource Stock Up 0.2 %

Shares of NYSE:BLDR opened at $139.97 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.15 and a current ratio of 1.84. The company has a market cap of $17.50 billion, a PE ratio of 10.84 and a beta of 1.99. Builders FirstSource, Inc. has a 52 week low of $52.70 and a 52 week high of $156.85. The firm has a 50 day simple moving average of $139.67 and a 200 day simple moving average of $116.13.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $3.89 EPS for the quarter, beating the consensus estimate of $2.69 by $1.20. The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.24 billion. Builders FirstSource had a net margin of 10.04% and a return on equity of 45.73%. The firm’s quarterly revenue was down 35.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.26 EPS. As a group, research analysts expect that Builders FirstSource, Inc. will post 13.18 earnings per share for the current year.

Builders FirstSource Company 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, steel roof 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.