12,491 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Acquired by Bank of Nova Scotia

Bank of Nova Scotia bought a new stake in Builders FirstSource, Inc. (NYSE:BLDRFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,491 shares of the company’s stock, valued at approximately $2,085,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BLDR. Allianz Asset Management GmbH lifted its stake in shares of Builders FirstSource by 73.9% in the 4th quarter. Allianz Asset Management GmbH now owns 128,348 shares of the company’s stock valued at $21,426,000 after purchasing an additional 54,557 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Builders FirstSource by 18.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock valued at $9,515,000 after buying an additional 9,122 shares during the period. FCF Advisors LLC boosted its holdings in shares of Builders FirstSource by 81.9% during the 4th quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after buying an additional 9,470 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in shares of Builders FirstSource by 437.8% during the 4th quarter. New York Life Investment Management LLC now owns 17,580 shares of the company’s stock worth $2,935,000 after buying an additional 14,311 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Builders FirstSource by 53.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 94,505 shares of the company’s stock worth $15,777,000 after buying an additional 32,819 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the sale, the insider now owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,752 shares of company stock worth $3,879,207. 1.80% of the stock is owned by company insiders.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $145.64 on Friday. The stock has a market cap of $17.78 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.31 and a beta of 2.08. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average price is $178.12 and its two-hundred day moving average price is $175.09. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDRGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the firm earned $2.96 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, equities analysts predict that Builders FirstSource, Inc. will post 13.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Bank of America dropped their price target on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Royal Bank of Canada upped their target price on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Wedbush reissued an “outperform” rating and issued a $215.00 price target (down previously from $225.00) on shares of Builders FirstSource in a research report on Tuesday, May 7th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.13.

Check Out Our Latest Stock Analysis on BLDR

Builders FirstSource Company Profile

(Free Report)

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.

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

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