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:BLDRFree Report) by 28.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 69,511 shares of the company’s stock after acquiring an additional 15,268 shares during the period. Moran Wealth Management LLC’s holdings in Builders FirstSource were worth $5,723,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cromwell Holdings LLC raised its stake in shares of Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted 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 valued at $26,000 after buying an additional 132 shares during the last quarter. Root Financial Partners LLC increased its holdings in Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. Transamerica Financial Advisors LLC increased its holdings in Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after buying an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Builders FirstSource in the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

BLDR opened at $84.61 on Friday. The company has a 50 day simple moving average of $78.64 and a two-hundred day simple moving average of $94.39. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The firm has a market cap of $9.10 billion, a P/E ratio of 32.42, a PEG ratio of 2.03 and a beta of 1.42. Builders FirstSource, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03.

Builders FirstSource (NYSE:BLDRGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the company earned $1.51 EPS. The business’s revenue was down 10.1% on a year-over-year basis. Equities analysts forecast that Builders FirstSource, Inc. will post 4.26 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a stock buyback program on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

BLDR has been the subject of several research reports. Loop Capital decreased their price objective on shares of Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. Weiss Ratings raised shares of Builders FirstSource from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Raymond James Financial cut their target price on shares of Builders FirstSource from $140.00 to $100.00 in a research report on Friday, May 1st. Barclays lowered their price target on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Finally, BMO Capital Markets dropped their price target on Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating on the stock in a research note on Monday, May 4th. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and a consensus target price of $101.88.

Check Out Our Latest Stock Analysis on BLDR

Builders FirstSource Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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