Hook Mill Capital Partners LP Acquires 19,061 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Hook Mill Capital Partners LP lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 580.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,343 shares of the company’s stock after acquiring an additional 19,061 shares during the period. Builders FirstSource accounts for about 1.3% of Hook Mill Capital Partners LP’s portfolio, making the stock its 25th biggest holding. Hook Mill Capital Partners LP’s holdings in Builders FirstSource were worth $1,692,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in shares of Builders FirstSource by 11.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,138 shares of the company’s stock valued at $367,000 after purchasing an additional 423 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Builders FirstSource by 3.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,446 shares of the company’s stock valued at $807,000 after buying an additional 371 shares in the last quarter. Advisor Resource Council bought a new stake in Builders FirstSource in the 1st quarter worth approximately $656,000. Leo Brokerage LLC purchased a new stake in Builders FirstSource during the first quarter valued at $548,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Builders FirstSource during the 1st quarter valued at about $579,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the topic of several recent research reports. Barclays increased their price target on Builders FirstSource from $166.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. Royal Bank of Canada increased their target price on Builders FirstSource from $162.00 to $188.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Truist Financial lifted their price target on shares of Builders FirstSource from $148.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday. Finally, 888 reissued a “maintains” rating on shares of Builders FirstSource in a research report on Monday, June 26th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.69.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, insider Michael Hiller sold 5,965 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $147.91, for a total value of $882,283.15. Following the completion of the sale, the insider now directly owns 32,892 shares in the company, valued at approximately $4,865,055.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Builders FirstSource news, insider Michael Hiller sold 5,965 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $147.91, for a total transaction of $882,283.15. Following the completion of the sale, the insider now owns 32,892 shares of the company’s stock, valued at $4,865,055.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy D. Johnson sold 5,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $151.69, for a total transaction of $758,450.00. Following the completion of the transaction, the executive vice president now directly owns 65,748 shares in the company, valued at approximately $9,973,314.12. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Builders FirstSource Trading Down 3.9 %

Shares of BLDR stock opened at $136.29 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.84 and a quick ratio of 1.15. The company has a market cap of $17.04 billion, a price-to-earnings ratio of 10.56 and a beta of 2.02. Builders FirstSource, Inc. has a 1-year low of $52.70 and a 1-year high of $156.85. The stock has a 50 day simple moving average of $141.28 and a 200-day simple moving average of $119.91.

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

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, 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.