Continuum Advisory LLC Has $231,000 Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Continuum Advisory LLC grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 112.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,672 shares of the company’s stock after acquiring an additional 884 shares during the quarter. Continuum Advisory LLC’s holdings in Builders FirstSource were worth $231,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Team Hewins LLC lifted its stake in shares of Builders FirstSource by 6.5% in the 1st quarter. Team Hewins LLC now owns 1,313 shares of the company’s stock valued at $274,000 after purchasing an additional 80 shares during the last quarter. Csenge Advisory Group boosted its stake in shares of Builders FirstSource by 1.9% during the 2nd quarter. Csenge Advisory Group now owns 4,252 shares of the company’s stock worth $589,000 after acquiring an additional 81 shares in the last quarter. Congress Wealth Management LLC DE boosted its stake in shares of Builders FirstSource by 1.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock worth $1,035,000 after acquiring an additional 85 shares in the last quarter. Quarry LP increased its holdings in shares of Builders FirstSource by 49.7% during the 4th quarter. Quarry LP now owns 280 shares of the company’s stock valued at $47,000 after acquiring an additional 93 shares during the last quarter. Finally, Czech National Bank raised its stake in shares of Builders FirstSource by 0.4% in the 1st quarter. Czech National Bank now owns 21,703 shares of the company’s stock valued at $4,526,000 after acquiring an additional 93 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the sale, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction that occurred on Friday, May 24th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the sale, the director now owns 95,333 shares in the company, valued at $14,650,775.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,993 shares of company stock valued at $6,937,807. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BLDR. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of Builders FirstSource in a report on Tuesday, August 6th. Barclays decreased their price objective on shares of Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. B. Riley dropped their target price on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Benchmark dropped their price objective on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.47.

Builders FirstSource Stock Up 0.5 %

BLDR opened at $164.14 on Wednesday. The company has a market capitalization of $20.03 billion, a P/E ratio of 14.05, a P/E/G ratio of 2.57 and a beta of 2.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.45. The firm’s fifty day moving average price is $151.31 and its two-hundred day moving average price is $172.46. Builders FirstSource, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.48 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 down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.89 earnings per share. On average, analysts anticipate that Builders FirstSource, Inc. will post 12.91 EPS for the current year.

Builders FirstSource announced that its Board of Directors has authorized a share buyback plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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.