Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 7.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,962 shares of the company’s stock after purchasing an additional 206 shares during the period. Park Avenue Securities LLC’s holdings in Builders FirstSource were worth $618,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new position in Builders FirstSource in the 4th quarter valued at about $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. purchased a new stake in shares of Builders FirstSource during the fourth quarter worth approximately $29,000. Principal Securities Inc. acquired a new stake in shares of Builders FirstSource during the fourth quarter worth $32,000. Finally, Lindbrook Capital LLC increased its stake in Builders FirstSource by 237.7% in the 4th quarter. Lindbrook Capital LLC now owns 233 shares of the company’s stock valued at $39,000 after buying an additional 164 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares in the company, valued at approximately $3,855,883.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the business’s 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 sale, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent analyst reports. Wedbush reduced their target price on shares of Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research note on Tuesday. Bank of America lowered their price objective on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Zelman & Associates reissued a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Truist Financial decreased their price target on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Finally, Robert W. Baird cut their price objective on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Five investment 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.47.

Builders FirstSource Trading Up 0.8 %

Shares of BLDR opened at $137.90 on Friday. The firm has a 50 day simple moving average of $163.40 and a 200-day simple moving average of $175.86. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 2.20 and a beta of 2.08. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.45. Builders FirstSource, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.23. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the company earned $2.96 EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 12.93 EPS for the current fiscal 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.