Trajan Wealth LLC Lowers Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Trajan Wealth LLC lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,523 shares of the company’s stock after selling 100 shares during the period. Trajan Wealth LLC’s holdings in Builders FirstSource were worth $211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in Builders FirstSource during the fourth quarter valued at $221,000,000. Signaturefd LLC raised its holdings in Builders FirstSource by 14.3% in the 4th quarter. Signaturefd LLC now owns 1,053 shares of the company’s stock worth $176,000 after purchasing an additional 132 shares during the period. CWM LLC boosted its position in Builders FirstSource by 14.9% during the fourth quarter. CWM LLC now owns 2,908 shares of the company’s stock worth $485,000 after purchasing an additional 378 shares in the last quarter. Kovack Advisors Inc. grew its holdings in Builders FirstSource by 59.6% in the fourth quarter. Kovack Advisors Inc. now owns 4,236 shares of the company’s stock valued at $707,000 after purchasing an additional 1,582 shares during the period. Finally, Truist Financial Corp increased its position in shares of Builders FirstSource by 11.6% in the fourth quarter. Truist Financial Corp now owns 18,548 shares of the company’s stock valued at $3,096,000 after buying an additional 1,922 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays dropped their price target on shares of Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Truist Financial dropped their target price on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Benchmark reduced their target price on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Royal Bank of Canada reduced their price objective on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price of $180.47.

Insider Buying and Selling

In other Builders FirstSource news, 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 sale, the insider now directly owns 30,106 shares in the company, valued at approximately $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 Michael Hiller sold 4,875 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the sale, the insider now owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the transaction, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Builders FirstSource Trading Down 1.0 %

BLDR stock traded down $1.72 during midday trading on Wednesday, hitting $172.90. 841,222 shares of the company’s stock were exchanged, compared to its average volume of 1,626,759. Builders FirstSource, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70. The business has a 50-day simple moving average of $153.66 and a two-hundred day simple moving average of $172.19. The stock has a market capitalization of $21.10 billion, a PE ratio of 14.80, a P/E/G ratio of 2.57 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 (NYSE:BLDR) last announced its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the previous year, the company earned $3.89 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 12.91 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a share buyback plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.