Nvest Financial LLC Takes Position in Builders FirstSource, Inc. (NYSE:BLDR)

Nvest Financial LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,277 shares of the company’s stock, valued at approximately $266,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Builders FirstSource by 15.7% in the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after purchasing an additional 1,985,297 shares during the last quarter. Norges Bank bought a new position in Builders FirstSource in the 4th quarter valued at about $212,209,000. Boston Partners lifted its position in Builders FirstSource by 73.5% during the fourth quarter. Boston Partners now owns 1,366,784 shares of the company’s stock worth $227,464,000 after acquiring an additional 578,961 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Builders FirstSource by 152.9% in the fourth quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock valued at $81,628,000 after purchasing an additional 295,643 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Builders FirstSource by 34.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock worth $189,268,000 after purchasing an additional 292,966 shares during the period. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BLDR. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Barclays decreased their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Truist Financial dropped 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 note on Wednesday, May 8th. Bank of America decreased their target price 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. Finally, DA Davidson reiterated a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.47.

Insider Buying and Selling at Builders FirstSource

In related news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the sale, the insider now owns 22,667 shares in the company, valued at approximately $3,855,883.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $4,794,380.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction on Friday, May 24th. The stock was 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. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR traded up $0.75 during trading hours on Tuesday, hitting $134.74. The company’s stock had a trading volume of 1,275,375 shares, compared to its average volume of 1,581,819. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.45. The company has a market capitalization of $16.45 billion, a P/E ratio of 11.54, a PEG ratio of 2.23 and a beta of 2.04. Builders FirstSource, Inc. has a twelve month low of $105.24 and a twelve month high of $214.70. The stock has a fifty day simple moving average of $160.69 and a 200-day simple moving average of $175.68.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. The company had revenue of $3.89 billion for 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 period last year, the company posted $2.96 EPS. On average, analysts anticipate that Builders FirstSource, Inc. will post 12.93 EPS for the current fiscal year.

Builders FirstSource Company 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.