Oak Thistle LLC Has $321,000 Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Oak Thistle LLC cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 65.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,537 shares of the company’s stock after selling 2,922 shares during the quarter. Oak Thistle LLC’s holdings in Builders FirstSource were worth $321,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in shares of Builders FirstSource during the fourth quarter worth approximately $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Builders FirstSource during the fourth quarter worth approximately $28,000. Rakuten Securities Inc. acquired a new position in shares of Builders FirstSource during the fourth quarter worth approximately $29,000. Raleigh Capital Management Inc. raised its position in shares of Builders FirstSource by 134.0% during the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after purchasing an additional 142 shares during the period. Finally, Principal Securities Inc. bought a new stake in Builders FirstSource during the fourth quarter worth $32,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

BLDR traded down $4.42 during trading on Monday, reaching $133.99. 1,831,703 shares of the company were exchanged, compared to its average volume of 1,582,621. The company’s 50-day moving average is $161.74 and its two-hundred day moving average is $175.88. The company has a market cap of $16.35 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 2.23 and a beta of 2.04. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued 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. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the firm posted $2.96 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Research analysts forecast that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the sale, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, the insider now owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the subject of several recent research reports. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a report on Thursday. Wedbush reduced their price objective on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. DA Davidson restated a “neutral” rating and issued a $185.00 price objective on shares of Builders FirstSource in a research note on Thursday, March 28th. Barclays reduced their price objective 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. Finally, Robert W. Baird reduced their price objective 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. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and an average target price of $192.47.

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.