Optimum Investment Advisors Acquires New Shares in Builders FirstSource, Inc. (NYSE:BLDR)

Optimum Investment Advisors purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 250 shares of the company’s stock, valued at approximately $52,000.

Other large investors also recently modified their holdings of the company. EdgeRock Capital LLC bought a new stake in shares of Builders FirstSource in the fourth quarter worth about $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Builders FirstSource during the fourth quarter worth about $28,000. Rakuten Securities Inc. acquired a new position in shares of Builders FirstSource during the fourth quarter worth about $29,000. Rock Creek Group LP acquired a new position in shares of Builders FirstSource during the third quarter worth about $30,000. Finally, Raleigh Capital Management Inc. boosted its position in shares of Builders FirstSource by 134.0% during the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after buying an additional 142 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BLDR shares. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price objective on shares of Builders FirstSource in a research report on Thursday, March 28th. Jefferies Financial Group upped their price objective on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Barclays reduced their price objective 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. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Finally, Truist Financial reduced 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.13.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction 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 sale, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction dated 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 transaction, the insider now directly owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $143.19 on Friday. The firm has a market cap of $17.48 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 2.33 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 1-year low of $105.24 and a 1-year high of $214.70. The business’s 50 day moving average is $166.89 and its 200-day moving average is $176.30.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the company earned $2.96 EPS. The company’s revenue was up .2% on a year-over-year basis. Equities research analysts predict that Builders FirstSource, Inc. will post 12.93 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, 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.