Scientech Research LLC Has $1.47 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Scientech Research LLC lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 210.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,593 shares of the company’s stock after buying an additional 7,176 shares during the quarter. Scientech Research LLC’s holdings in Builders FirstSource were worth $1,466,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its stake 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 worth $1,417,000 after acquiring an additional 74 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after acquiring an additional 75 shares in the last quarter. Team Hewins LLC boosted its stake in Builders FirstSource by 6.5% during the first quarter. Team Hewins LLC now owns 1,313 shares of the company’s stock worth $274,000 after acquiring an additional 80 shares in the last quarter. Csenge Advisory Group boosted its stake in Builders FirstSource by 1.9% during 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 in the last quarter. Finally, Wealthspire Advisors LLC boosted its stake in Builders FirstSource by 4.6% during the second quarter. Wealthspire Advisors LLC now owns 2,031 shares of the company’s stock worth $281,000 after acquiring an additional 90 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the transaction, the director now owns 95,333 shares in the company, valued at $14,650,775.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BLDR shares. Barclays cut their target price on shares of Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Bank of America raised their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Oppenheimer raised their price objective on shares of Builders FirstSource from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research note on Tuesday, August 6th. Four research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

Builders FirstSource Stock Down 1.0 %

BLDR opened at $190.07 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. The company’s 50-day moving average is $170.45 and its 200 day moving average is $170.83. Builders FirstSource, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The firm has a market capitalization of $23.20 billion, a P/E ratio of 16.27, a PEG ratio of 11.56 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter last year, the company posted $3.89 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts expect that Builders FirstSource, Inc. will post 11.68 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors 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.