Tower Wealth Partners Inc. Invests $264,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Tower Wealth Partners Inc. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,266 shares of the company’s stock, valued at approximately $264,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in Builders FirstSource during the third quarter worth $261,000. Lazard Asset Management LLC boosted its position in shares of Builders FirstSource by 1.8% in the 3rd quarter. Lazard Asset Management LLC now owns 15,351 shares of the company’s stock worth $1,911,000 after buying an additional 277 shares in the last quarter. Glenmede Trust Co. NA grew its stake in Builders FirstSource by 13.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 16,988 shares of the company’s stock valued at $2,115,000 after acquiring an additional 1,959 shares during the last quarter. Wahed Invest LLC acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $260,000. Finally, AXQ Capital LP raised its position in Builders FirstSource by 246.7% during the third quarter. AXQ Capital LP now owns 5,200 shares of the company’s stock worth $647,000 after acquiring an additional 3,700 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wedbush cut their price objective on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. DA Davidson reiterated a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a report on Thursday, March 28th. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Finally, Bank of America decreased their price target on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.47.

Builders FirstSource Stock Up 0.6 %

NYSE BLDR opened at $134.74 on Wednesday. Builders FirstSource, Inc. has a twelve month low of $105.24 and a twelve month high of $214.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. The stock has a market cap of $16.45 billion, a PE ratio of 11.54, a PEG ratio of 2.23 and a beta of 2.04. The firm has a 50-day simple moving average of $160.69 and a 200 day simple moving average of $175.68.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.23. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. Builders FirstSource’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.96 EPS. On average, research analysts forecast that Builders FirstSource, Inc. will post 12.93 EPS for the current year.

Insider Buying and Selling

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares in the company, valued at $4,794,380.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares in the company, valued at approximately $3,855,883.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Hiller sold 4,875 shares of the stock in a transaction that occurred 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 in the company, valued at $4,794,380.50. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

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.