HB Wealth Management LLC Has $448,000 Stake in Builders FirstSource, Inc. (NYSE:BLDR)

HB Wealth Management LLC lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDRFree Report) by 5.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,147 shares of the company’s stock after buying an additional 108 shares during the quarter. HB Wealth Management LLC’s holdings in Builders FirstSource were worth $448,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC grew its holdings in Builders FirstSource by 1.8% during the 3rd quarter. Lazard Asset Management LLC now owns 15,351 shares of the company’s stock worth $1,911,000 after acquiring an additional 277 shares during the period. Glenmede Trust Co. NA boosted its position in shares of Builders FirstSource by 13.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 16,988 shares of the company’s stock valued at $2,115,000 after purchasing an additional 1,959 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Builders FirstSource by 7.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 845,164 shares of the company’s stock valued at $105,220,000 after purchasing an additional 55,216 shares in the last quarter. Legal & General Group Plc increased its holdings in Builders FirstSource by 27.1% in the third quarter. Legal & General Group Plc now owns 831,395 shares of the company’s stock worth $103,501,000 after purchasing an additional 177,188 shares in the last quarter. Finally, JT Stratford LLC acquired a new position in Builders FirstSource in the third quarter valued at approximately $823,000. Institutional investors own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

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

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent analyst reports. Truist Financial reduced their price objective on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Jefferies Financial Group lifted their price target on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Bank of America cut their price objective on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Wedbush decreased their target price on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, Barclays cut their price target on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.47.

Get Our Latest Research Report on Builders FirstSource

Builders FirstSource Stock Performance

NYSE:BLDR traded down $2.87 during trading on Friday, reaching $131.51. The company’s stock had a trading volume of 607,403 shares, compared to its average volume of 1,566,810. The firm has a market cap of $16.05 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 2.16 and a beta of 2.04. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70. 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 50 day moving average of $158.63 and a 200-day moving average of $175.11.

Builders FirstSource (NYSE:BLDRGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. The business had revenue of $3.89 billion during 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% compared to the same quarter last year. During the same quarter last year, the company posted $2.96 earnings per share. Research analysts expect that Builders FirstSource, Inc. will post 12.93 EPS for the current fiscal year.

Builders FirstSource Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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