SVB Wealth LLC Sells 639 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

SVB Wealth LLC decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 11.6% in the 4th quarter, HoldingsChannel reports. The firm owned 4,861 shares of the company’s stock after selling 639 shares during the quarter. SVB Wealth LLC’s holdings in Builders FirstSource were worth $811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its position in Builders FirstSource by 18.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock worth $9,515,000 after purchasing an additional 9,122 shares during the period. FCF Advisors LLC lifted its holdings in shares of Builders FirstSource by 81.9% in the fourth quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after acquiring an additional 9,470 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Builders FirstSource by 13.3% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 52,312 shares of the company’s stock worth $6,512,000 after acquiring an additional 6,155 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Builders FirstSource by 0.8% in the third quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock worth $1,578,876,000 after acquiring an additional 96,638 shares during the last quarter. Finally, Czech National Bank bought a new position in shares of Builders FirstSource in the fourth quarter worth about $3,608,000. Institutional investors own 95.53% of the company’s stock.

Insider Transactions at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $176.87 on Friday. The company has a market capitalization of $21.57 billion, a PE ratio of 14.75, a P/E/G ratio of 1.09 and a beta of 2.04. The company has a 50 day simple moving average of $195.30 and a two-hundred day simple moving average of $162.76. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. Builders FirstSource, Inc. has a fifty-two week low of $90.10 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.70 by $0.85. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. Research analysts anticipate that Builders FirstSource, Inc. will post 13.84 earnings per share for the current year.

Analyst Ratings Changes

BLDR has been the subject of a number of research reports. Royal Bank of Canada increased their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and increased their target price for the stock from $153.00 to $200.00 in a report on Monday, January 29th. Oppenheimer increased their target price on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Truist Financial increased their target price on shares of Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price objective on shares of Builders FirstSource in a research note on Thursday, March 28th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $190.06.

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, 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.