American International Group Inc. Sells 394 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

American International Group Inc. cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 1.2% during the first quarter, Holdings Channel.com reports. The fund owned 33,436 shares of the company’s stock after selling 394 shares during the period. American International Group Inc.’s holdings in Builders FirstSource were worth $6,973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bessemer Group Inc. raised its holdings in shares of Builders FirstSource by 477,028.7% during the first quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock worth $93,535,000 after acquiring an additional 448,407 shares during the period. UniSuper Management Pty Ltd increased its stake in Builders FirstSource by 328.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 6,212 shares of the company’s stock valued at $1,296,000 after buying an additional 4,762 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Builders FirstSource by 2.2% in the 1st quarter. Ameritas Investment Partners Inc. now owns 14,681 shares of the company’s stock valued at $3,062,000 after buying an additional 315 shares during the last quarter. Cynosure Group LLC acquired a new stake in Builders FirstSource in the 1st quarter valued at $746,000. Finally, Edgestream Partners L.P. acquired a new stake in Builders FirstSource in the 1st quarter valued at $4,133,000. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Zelman & Associates reissued a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Truist Financial decreased 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 report on Wednesday, May 8th. Bank of America reduced their target price on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Jefferies Financial Group lifted their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Wedbush reduced their target price on shares of Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.67.

Insider Activity

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

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $158.72 on Friday. The firm has a 50 day moving average of $150.87 and a 200-day moving average of $173.83. The stock has a market capitalization of $19.37 billion, a PE ratio of 13.59, a PEG ratio of 2.48 and a beta of 2.04. The company has a current ratio of 2.21, a quick ratio of 1.45 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 earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.42 by $0.23. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.96 EPS. On average, equities research analysts predict that Builders FirstSource, Inc. will post 12.93 EPS for the current fiscal year.

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.