Moran Wealth Management LLC Boosts Stock Position in Builders FirstSource, Inc. $BLDR

Moran Wealth Management LLC grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 53.1% during the 4th quarter, HoldingsChannel reports. The fund owned 54,243 shares of the company’s stock after buying an additional 18,812 shares during the period. Moran Wealth Management LLC’s holdings in Builders FirstSource were worth $5,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BLDR. Cromwell Holdings LLC lifted its position in shares of Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after acquiring an additional 225 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of Builders FirstSource during the third quarter worth $34,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource during the second quarter worth $38,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Builders FirstSource during the second quarter worth $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Activity

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the transaction, the director owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This represents a 2.98% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

Builders FirstSource Trading Up 5.5%

Shares of BLDR stock opened at $88.52 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. Builders FirstSource, Inc. has a 52-week low of $76.50 and a 52-week high of $151.03. The company has a market capitalization of $9.79 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.09 and a beta of 1.63. The business’s fifty day moving average is $94.78 and its 200 day moving average is $107.35.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter last year, the business posted $2.31 EPS. The company’s quarterly revenue was down 12.1% on a year-over-year basis. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLDR has been the topic of several recent research reports. Stifel Nicolaus dropped their target price on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, March 16th. Deutsche Bank Aktiengesellschaft dropped their target price on Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Jefferies Financial Group lowered their price objective on Builders FirstSource from $110.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. Finally, Robert W. Baird lowered their price objective on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has an average rating of “Hold” and an average price target of $121.39.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.