Advisor Resource Council Has $438,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

Advisor Resource Council cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 42.2% during the 1st quarter, Holdings Channel reports. The fund owned 2,101 shares of the company’s stock after selling 1,535 shares during the period. Advisor Resource Council’s holdings in Builders FirstSource were worth $438,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allianz Asset Management GmbH boosted its stake in Builders FirstSource by 73.9% during the fourth quarter. Allianz Asset Management GmbH now owns 128,348 shares of the company’s stock worth $21,426,000 after acquiring an additional 54,557 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Builders FirstSource by 18.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock worth $9,515,000 after acquiring an additional 9,122 shares in the last quarter. FCF Advisors LLC boosted its stake in Builders FirstSource by 81.9% during the fourth quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after acquiring an additional 9,470 shares in the last quarter. New York Life Investment Management LLC boosted its stake in Builders FirstSource by 437.8% during the fourth quarter. New York Life Investment Management LLC now owns 17,580 shares of the company’s stock worth $2,935,000 after acquiring an additional 14,311 shares in the last quarter. Finally, Boulder Hill Capital Management LP bought a new position in Builders FirstSource during the fourth quarter worth $851,000. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on BLDR shares. Robert W. Baird lowered 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. Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Wedbush lowered their price objective on shares of Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Truist Financial lowered their price objective on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Finally, Bank of America lowered their target price 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. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.47.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $134.38 on Friday. 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 firm has a market capitalization of $16.40 billion, a PE ratio of 11.51, a P/E/G ratio of 2.17 and a beta of 2.04. Builders FirstSource, Inc. has a twelve month low of $105.24 and a twelve month high of $214.70. The company has a 50-day moving average price of $158.63 and a two-hundred day moving average price of $175.11.

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

Insider Activity

In other news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 30,106 shares in the company, valued at $4,794,380.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 30,106 shares in the company, valued at $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 that occurred on 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 completion of the transaction, the insider now owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

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.