First Trust Advisors LP Increases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

First Trust Advisors LP raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDRFree Report) by 45.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,998 shares of the company’s stock after buying an additional 98,436 shares during the quarter. First Trust Advisors LP owned about 0.26% of Builders FirstSource worth $52,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Avantax Advisory Services Inc. bought a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $327,000. Spire Wealth Management boosted its position in shares of Builders FirstSource by 190.9% during the 3rd quarter. Spire Wealth Management now owns 1,990 shares of the company’s stock valued at $248,000 after acquiring an additional 1,306 shares during the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of Builders FirstSource by 22.1% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 7,678 shares of the company’s stock valued at $956,000 after acquiring an additional 1,388 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Builders FirstSource by 1.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 32,514 shares of the company’s stock valued at $4,048,000 after acquiring an additional 469 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Builders FirstSource by 48.6% during the 3rd quarter. D.A. Davidson & CO. now owns 7,468 shares of the company’s stock valued at $930,000 after acquiring an additional 2,441 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $146.28 on Friday. The firm has a market cap of $17.85 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.36 and a beta of 2.08. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70. The stock’s fifty day moving average price is $176.88 and its 200-day moving average price is $175.17.

Builders FirstSource (NYSE:BLDRGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.42 by $0.23. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $2.96 earnings per share. On average, equities research analysts expect that Builders FirstSource, Inc. will post 12.96 earnings per share for the current fiscal year.

Insider Activity

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cory Jacobs Boydston sold 7,759 shares of the business’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 value of $1,551,800.00. Following the completion of the transaction, the director now directly owns 28,738 shares of the company’s stock, valued at $5,747,600. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,752 shares of company stock worth $3,879,207. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on BLDR. Wedbush reiterated an “outperform” rating and set a $215.00 target price (down from $225.00) on shares of Builders FirstSource in a research report on Tuesday, May 7th. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Barclays lowered their price target on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Truist Financial lowered their price target on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Finally, DA Davidson restated a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.13.

Check Out Our Latest Stock Report on BLDR

Builders FirstSource 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.

Further Reading

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

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