Kathmere Capital Management LLC Buys 119 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Kathmere Capital Management LLC boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,406 shares of the company’s stock after purchasing an additional 119 shares during the quarter. Kathmere Capital Management LLC’s holdings in Builders FirstSource were worth $1,127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLDR. Allianz Asset Management GmbH grew its stake in 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 buying an additional 54,557 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Builders FirstSource by 18.5% in 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 position 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 purchasing an additional 9,470 shares during the last quarter. New York Life Investment Management LLC boosted its stake in 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 valued at $2,935,000 after purchasing an additional 14,311 shares during the period. Finally, Boulder Hill Capital Management LP acquired a new stake in Builders FirstSource in the 4th quarter valued at approximately $851,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Activity

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

Builders FirstSource Price Performance

Builders FirstSource stock opened at $138.41 on Friday. The business’s fifty day moving average is $162.63 and its two-hundred day moving average is $175.79. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. The firm has a market cap of $16.89 billion, a P/E ratio of 11.85, a P/E/G ratio of 2.22 and a beta of 2.08. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued 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 business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.96 EPS. Equities research analysts forecast that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. DA Davidson reiterated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a report on Thursday, March 28th. Bank of America reduced their price target on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Robert W. Baird dropped their price objective on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Truist Financial lowered their price objective on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $192.47.

Builders FirstSource 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.