Strs Ohio cut its position in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 97.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,599 shares of the company’s stock after selling 115,995 shares during the period. Strs Ohio’s holdings in Builders FirstSource were worth $267,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in Builders FirstSource by 9.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after acquiring an additional 295 shares in the last quarter. Woodline Partners LP boosted its stake in Builders FirstSource by 40.7% during the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after purchasing an additional 2,812 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Builders FirstSource by 180.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock worth $185,000 after purchasing an additional 1,017 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Builders FirstSource by 230.7% in the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after purchasing an additional 13,215 shares during the last quarter. Finally, Jump Financial LLC raised its stake in shares of Builders FirstSource by 144.1% in the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock worth $843,000 after purchasing an additional 4,264 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.
Builders FirstSource Stock Performance
Shares of BLDR opened at $74.88 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. Builders FirstSource, Inc. has a one year low of $73.40 and a one year high of $151.03. The firm has a market capitalization of $8.05 billion, a P/E ratio of 28.69, a PEG ratio of 1.86 and a beta of 1.49. The business has a fifty day moving average of $86.26 and a 200 day moving average of $103.13.
Builders FirstSource announced that its Board of Directors has approved a share buyback plan on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Insider Activity at Builders FirstSource
In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of the stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the purchase, the director directly owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.70% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
BLDR has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price objective on Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. Bank of America decreased their target price on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Truist Financial lowered their target price on shares of Builders FirstSource from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Jefferies Financial Group dropped their price target on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Finally, Royal Bank Of Canada reduced their price target on shares of Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $101.88.
Read Our Latest Analysis on BLDR
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.
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