Bowling Portfolio Management LLC acquired a new position in the shares of Builders FirstSource, Inc. (NYSE: BLDR – Get Rating) in Q1, according to its most recent Form 13F filing with the SEC. The company acquired 24,755 shares of the company, valued at approximately $1,598,000.
Several other institutional investors and hedge funds have also recently increased or reduced their stakes in BLDR. Allspring Global Investments Holdings LLC purchased a new stake in Builders FirstSource stock in the fourth quarter valued at $190,577,000. JPMorgan Chase & Co. increased its holdings of Builders FirstSource stock by 144.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,660,848 shares of the company valued at $142,350,000 after purchasing an additional 981,803 shares last quarter. Massachusetts Financial Services Co. MA increased its holdings of Builders FirstSource stock 28.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,401,890 shares of the company valued at $291,576,000 after purchasing an additional 744,449 shares last quarter. Marshall Wace LLP bought a new stake in Builders FirstSource stock in the fourth quarter worth $33,395,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its equity stake in Builders FirstSource to 6,622.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 327,254 shares of the company valued at $28,049,000 after purchasing an additional 322,386 shares last quarter. 97.15% of the shares are held by institutional investors and hedge funds.
A number of research companies have recently published reports on BLDR. Wedbush raised its target price on Builders FirstSource from $105.00 to $110.00 in a Friday, May 13 report. B. Riley downgraded Builders FirstSource from a “buy” rating to a “neutral” rating and set a target price of $71.00 for the company. in a report on Wednesday, April 6. Truist Financial raised its price target on Builders FirstSource from $76.00 to $90.00 in a Wednesday, March 2 report. BMO Capital Markets cut its price target on Builders FirstSource from $96.00 to $90.00 in a Tuesday, May 17 report. Finally, Robert W. Baird cut his price target on Builders FirstSource from $103.00 to $100.00 in a Wednesday, March 2 report. Two analysts gave the stock a hold rating and nine gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.17.
In other Builders FirstSource news, Director Floyd F. Sherman sold 35,000 shares in a trade on Tuesday, June 14. The shares were sold at an average price of $55.09, for a total transaction of $1,928,150.00. Following the transaction, the administrator now directly owns 13,972 shares of the company, valued at $769,717.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.30% of the company’s shares.
Shares of Builders FirstSource opened at $50.02 on Thursday. The company has a debt ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.10. The company has a market capitalization of $8.84 billion, a price-earnings ratio of 5.88 and a beta of 2.27. Builders FirstSource, Inc. has a one-year low of $39.24 and a one-year high of $86.48. The company’s fifty-day moving average price is $62.19 and its two-hundred-day moving average price is $69.34.
Builders FirstSource (NYSE:BLDR – Get Rating) last released its results on Tuesday, May 10. The company reported EPS of $3.90 for the quarter, beating the consensus estimate of $2.15 by $1.75. The company posted revenue of $5.68 billion for the quarter, versus a consensus estimate of $4.69 billion. Builders FirstSource achieved a net margin of 8.67% and a return on equity of 39.10%. The company’s quarterly revenue increased 36.1% year over year. In the same period a year earlier, the company posted earnings per share of $1.10. As a group, sell-side analysts expect Builders FirstSource, Inc. to post earnings per share of 8.9 for the current year.
Company Profile Builders FirstSource (Get an evaluation)
Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, fabricated components and construction services to professional home builders, contractors, remodelers and consumers in the United States. It offers lumber and lumber sheet products including dimensional lumber, plywood and oriented strand board products that are used in the framing of on-site homes; manufactured products, such as wooden floors and roof trusses, steel roof trusses, wall panels, stairs and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trim and custom products under the Synboard brand.
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