Investment House LLC Has $3.51 Million Stock Holdings in Builders FirstSource, Inc. $BLDR

Investment House LLC cut its position in Builders FirstSource, Inc. (NYSE:BLDR) by 27.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,132 shares of the company’s stock after selling 12,950 shares during the quarter. Investment House LLC’s holdings in Builders FirstSource were worth $3,512,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BLDR. Integrated Wealth Concepts LLC grew its stake in shares of 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 buying an additional 295 shares during the period. Woodline Partners LP grew its stake in shares of Builders FirstSource by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after buying an additional 2,812 shares during the period. EverSource Wealth Advisors LLC grew its stake 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 valued at $185,000 after buying an additional 1,017 shares during the period. Baird Financial Group Inc. grew its stake in shares of Builders FirstSource by 230.7% in the 2nd quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock valued at $2,210,000 after buying an additional 13,215 shares during the period. Finally, Jump Financial LLC grew its stake in shares of Builders FirstSource by 144.1% in the 2nd quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after buying an additional 4,264 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Builders FirstSource

In other news, Director Paul S. Levy bought 50,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the transaction, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Builders FirstSource Price Performance

BLDR stock opened at $66.39 on Wednesday. The company has a market capitalization of $7.14 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.68 and a beta of 1.49. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. Builders FirstSource, Inc. has a 52-week low of $66.14 and a 52-week high of $151.03. The business has a 50-day simple moving average of $83.06 and a two-hundred day simple moving average of $101.00.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.12). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business earned $1.51 EPS. Builders FirstSource’s quarterly revenue was down 10.1% compared to the same quarter last year. Research analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource declared that its board has approved a stock buyback program on Thursday, April 30th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

BLDR has been the subject of several research reports. Oppenheimer set a $121.00 target price on Builders FirstSource in a research note on Friday, May 1st. Wolfe Research upgraded Builders FirstSource to a “hold” rating in a research note on Thursday, May 14th. Raymond James Financial cut their price target on Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. Barclays cut their price target on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Finally, DA Davidson cut their price target on Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $101.88.

Builders FirstSource 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.