Edmonds Duncan Registered Investment Advisors LLC Cuts Position in Builders FirstSource, Inc. (NYSE:BLDR)

Edmonds Duncan Registered Investment Advisors LLC lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 13.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,669 shares of the company’s stock after selling 254 shares during the quarter. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Builders FirstSource were worth $348,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $261,000. Treasurer of the State of North Carolina boosted its holdings in shares of Builders FirstSource by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 63,448 shares of the company’s stock worth $7,899,000 after purchasing an additional 302 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Builders FirstSource by 1.8% in the 3rd quarter. Lazard Asset Management LLC now owns 15,351 shares of the company’s stock worth $1,911,000 after purchasing an additional 277 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of Builders FirstSource by 13.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 16,988 shares of the company’s stock worth $2,115,000 after purchasing an additional 1,959 shares during the period. Finally, Wahed Invest LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $260,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 0.6 %

Shares of BLDR traded down $0.81 during trading hours on Tuesday, hitting $133.18. The company had a trading volume of 225,786 shares, compared to its average volume of 1,572,486. The company has a market capitalization of $16.26 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 2.23 and a beta of 2.04. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70. The company’s fifty day moving average price is $161.74 and its two-hundred day moving average price is $175.88.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.42 by $0.23. The firm had revenue of $3.89 billion during 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 for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.96 EPS. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BLDR shares. Wedbush dropped their price objective on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Bank of America dropped their price objective on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. DA Davidson restated a “neutral” rating and set a $185.00 price objective on shares of Builders FirstSource in a report on Thursday, March 28th. Finally, StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $192.47.

Insider Transactions at Builders FirstSource

In related news, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, the insider now owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Builders FirstSource Company 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.