Counterpoint Mutual Funds LLC Acquires New Shares in Builders FirstSource, Inc. (NYSE:BLDR)

Counterpoint Mutual Funds LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,202 shares of the company’s stock, valued at approximately $251,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Builders FirstSource by 15.7% in the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after purchasing an additional 1,985,297 shares during the period. Norges Bank purchased a new stake in Builders FirstSource during the fourth quarter valued at $212,209,000. Boston Partners lifted its holdings in Builders FirstSource by 73.5% in the fourth quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after acquiring an additional 578,961 shares during the period. Qube Research & Technologies Ltd boosted its position in Builders FirstSource by 30,560.2% in the third quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock worth $69,506,000 after purchasing an additional 556,501 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Builders FirstSource by 152.9% during the 4th quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock valued at $81,628,000 after purchasing an additional 295,643 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Down 4.0 %

Shares of NYSE BLDR traded down $5.71 during midday trading on Tuesday, hitting $136.51. The company’s stock had a trading volume of 3,661,557 shares, compared to its average volume of 1,562,497. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The firm has a market cap of $16.66 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 2.30 and a beta of 2.08. The business’s 50 day moving average is $166.05 and its two-hundred day moving average is $176.49.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.96 earnings per share. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 12.93 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BLDR shares. Bank of America lowered their price objective on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Barclays reduced their price objective on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Zelman & Associates reiterated a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Truist Financial reduced their price target on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Finally, Robert W. Baird lowered their price objective on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.47.

Insider Activity at Builders FirstSource

In other news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the sale, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Hiller sold 4,875 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Builders FirstSource Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.