JGP Wealth Management LLC Has $415,000 Stake in Builders FirstSource, Inc. (NYSE:BLDR)

JGP Wealth Management LLC lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 26.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,323 shares of the company’s stock after selling 1,175 shares during the period. JGP Wealth Management LLC’s holdings in Builders FirstSource were worth $415,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rhumbline Advisers boosted its stake in shares of Builders FirstSource by 9.4% in the 1st quarter. Rhumbline Advisers now owns 232,330 shares of the company’s stock worth $29,027,000 after buying an additional 19,904 shares during the last quarter. BTC Capital Management Inc. boosted its stake in shares of Builders FirstSource by 21.9% in the 1st quarter. BTC Capital Management Inc. now owns 3,512 shares of the company’s stock worth $439,000 after buying an additional 632 shares during the last quarter. Global Financial Private Client LLC boosted its stake in shares of Builders FirstSource by 5.6% in the 1st quarter. Global Financial Private Client LLC now owns 2,884 shares of the company’s stock worth $360,000 after buying an additional 153 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Builders FirstSource by 20,946.5% in the 1st quarter. GAMMA Investing LLC now owns 243,508 shares of the company’s stock worth $30,424,000 after buying an additional 242,351 shares during the last quarter. Finally, 111 Capital purchased a new position in shares of Builders FirstSource in the 4th quarter worth approximately $356,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BMO Capital Markets cut their target price on Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating on the stock in a research note on Monday, May 5th. Truist Financial dropped their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. UBS Group dropped their price objective on Builders FirstSource from $180.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Barclays dropped their price objective on Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Finally, Benchmark dropped their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average target price of $167.58.

Builders FirstSource Trading Down 1.2%

Shares of BLDR stock opened at $107.60 on Monday. The company’s fifty day simple moving average is $117.07 and its two-hundred day simple moving average is $141.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 1 year low of $103.81 and a 1 year high of $203.14. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.80 and a beta of 1.79.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.65 EPS. As a group, analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has approved a share buyback plan on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Builders FirstSource

In other news, Director Paul S. Levy purchased 216,483 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were purchased at an average price of $110.65 per share, with a total value of $23,953,843.95. Following the completion of the acquisition, the director now owns 1,389,170 shares in the company, valued at $153,711,660.50. This trade represents a 18.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dirkson R. Charles bought 5,000 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 505,000 shares of company stock valued at $56,032,120. 2.00% of the stock is currently owned by company insiders.

About Builders FirstSource

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.