Mezzasalma Advisors LLC Increases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Mezzasalma Advisors LLC raised its position in Builders FirstSource, Inc. (NYSE:BLDRFree Report) by 31.2% during the first quarter, HoldingsChannel reports. The firm owned 19,892 shares of the company’s stock after purchasing an additional 4,725 shares during the period. Builders FirstSource comprises 2.0% of Mezzasalma Advisors LLC’s holdings, making the stock its 14th biggest position. Mezzasalma Advisors LLC’s holdings in Builders FirstSource were worth $4,148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its holdings in Builders FirstSource by 73.9% in the 4th quarter. Allianz Asset Management GmbH now owns 128,348 shares of the company’s stock valued at $21,426,000 after purchasing an additional 54,557 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Builders FirstSource by 18.5% in the 4th 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 during the last quarter. FCF Advisors LLC increased its stake in shares of Builders FirstSource by 81.9% in the 4th 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 during the last quarter. New York Life Investment Management LLC increased its stake in shares of Builders FirstSource by 437.8% in the 4th 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 during the last quarter. Finally, Boulder Hill Capital Management LP acquired a new stake in shares of Builders FirstSource in the 4th quarter worth $851,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 0.3 %

Builders FirstSource stock traded down $0.36 during midday trading on Thursday, reaching $134.38. 679,205 shares of the stock traded hands, compared to its average volume of 1,911,165. The company has a 50-day simple moving average of $158.63 and a two-hundred day simple moving average of $175.11. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70. The firm has a market cap of $16.40 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 2.17 and a beta of 2.04. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75.

Builders FirstSource (NYSE:BLDRGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the business posted $2.96 EPS. Builders FirstSource’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts expect that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BLDR shares. Barclays cut their target price on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Robert W. Baird cut their target price on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Jefferies Financial Group raised their target price on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Truist Financial cut their price objective on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.47.

Check Out Our Latest Research Report on Builders FirstSource

Insider Activity at Builders FirstSource

In related news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was 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 directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction dated 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 transaction, the insider now owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction dated 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 of the company’s stock, valued at approximately $3,855,883.37. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

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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