Hancock Whitney Corp Decreases Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Hancock Whitney Corp trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 0.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,842 shares of the company’s stock after selling 212 shares during the quarter. Hancock Whitney Corp’s holdings in Builders FirstSource were worth $3,715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its position in Builders FirstSource by 0.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock valued at $1,417,000 after purchasing an additional 74 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after buying an additional 75 shares during the period. Team Hewins LLC boosted 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 worth $274,000 after buying an additional 80 shares during the last quarter. Csenge Advisory Group grew its holdings in shares of Builders FirstSource by 1.9% in the second quarter. Csenge Advisory Group now owns 4,252 shares of the company’s stock worth $589,000 after acquiring an additional 81 shares during the period. Finally, Congress Wealth Management LLC DE increased its position in Builders FirstSource by 1.4% during the fourth quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock valued at $1,035,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling at Builders FirstSource

In other news, Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource stock in a transaction dated 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 directly owns 95,333 shares of the company’s stock, valued at $14,650,775.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Builders FirstSource Trading Down 2.0 %

BLDR stock opened at $197.74 on Friday. The company has a market capitalization of $24.14 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 10.06 and a beta of 2.06. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. Builders FirstSource, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70. The business has a 50 day simple moving average of $167.76 and a two-hundred day simple moving average of $170.87.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.48. The firm had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. Builders FirstSource’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.89 earnings per share. Research analysts anticipate that Builders FirstSource, Inc. will post 11.65 EPS for the current fiscal year.

Builders FirstSource declared that its board has approved a stock buyback plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of recent research reports. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Barclays dropped their price objective on shares of Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and upped their target price for the company from $165.00 to $220.00 in a report on Monday, September 16th. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of Builders FirstSource in a research note on Tuesday, August 6th. Finally, Bank of America boosted their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

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.