Orion Portfolio Solutions LLC Has $646,000 Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Orion Portfolio Solutions LLC lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 86.2% in the third quarter, HoldingsChannel.com reports. The firm owned 3,334 shares of the company’s stock after acquiring an additional 1,543 shares during the period. Orion Portfolio Solutions LLC’s holdings in Builders FirstSource were worth $646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLDR. Brooklyn Investment Group acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $28,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource in the third quarter worth about $30,000. Innealta Capital LLC bought a new position in Builders FirstSource during the second quarter worth about $27,000. Reston Wealth Management LLC acquired a new stake in Builders FirstSource during the third quarter valued at approximately $39,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $46,000. 95.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $160.54 on Tuesday. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The company’s fifty day simple moving average is $181.06 and its 200-day simple moving average is $169.14. The firm has a market cap of $18.48 billion, a PE ratio of 15.68, a P/E/G ratio of 0.96 and a beta of 2.06. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.24 EPS. Equities research analysts expect that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BLDR shares. Bank of America upped their price target on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and increased their target price for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. Stephens boosted their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. UBS Group assumed coverage on shares of Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company. Finally, StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $210.00.

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.