Posted by admin on Jun 26th, 2022

CAPROCK Group Inc. decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 22.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,465 shares of the company’s stock after selling 1,266 shares during the quarter. CAPROCK Group Inc.’s holdings in Builders FirstSource were worth $288,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BLDR. Dimensional Fund Advisors LP lifted its stake in Builders FirstSource by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,340,327 shares of the company’s stock valued at $371,973,000 after buying an additional 82,305 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Builders FirstSource by 28.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,401,890 shares of the company’s stock valued at $291,576,000 after buying an additional 744,449 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Builders FirstSource in the fourth quarter valued at approximately $190,577,000. JPMorgan Chase & Co. lifted its stake in Builders FirstSource by 144.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,660,848 shares of the company’s stock valued at $142,350,000 after buying an additional 981,803 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Builders FirstSource by 19.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,226,881 shares of the company’s stock valued at $105,156,000 after buying an additional 202,327 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Shares of BLDR stock opened at $52.80 on Friday. The business’s fifty day moving average price is $61.82 and its 200 day moving average price is $68.98. Builders FirstSource, Inc. has a 1-year low of $39.24 and a 1-year high of $86.48. The firm has a market capitalization of $9.33 billion, a PE ratio of 6.20 and a beta of 2.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.10.

Builders FirstSource (NYSE:BLDR – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $1.75. Builders FirstSource had a return on equity of 39.10% and a net margin of 8.67%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. Builders FirstSource’s quarterly revenue was up 36.1% on a year-over-year basis. Equities research analysts expect that Builders FirstSource, Inc. will post 8.9 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the company. Bryan, Garnier & Co cut Builders FirstSource from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research note on Wednesday, April 6th. Wedbush upped their price target on Builders FirstSource from $105.00 to $110.00 in a research note on Friday, May 13th. Truist Financial upped their price target on Builders FirstSource from $76.00 to $90.00 in a research note on Wednesday, March 2nd. BMO Capital Markets cut their price target on Builders FirstSource from $96.00 to $90.00 in a research note on Tuesday, May 17th. Finally, Robert W. Baird cut their price target on Builders FirstSource from $103.00 to $100.00 in a research note on Wednesday, March 2nd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.17.

In other Builders FirstSource news, Director Floyd F. Sherman sold 35,000 shares of the company’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $55.09, for a total value of $1,928,150.00. Following the sale, the director now owns 13,972 shares of the company’s stock, valued at $769,717.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Builders FirstSource Company Profile (Get Rating)

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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR – Get Rating).

Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.

Qorvo, Inc. (NASDAQ:QRVO) Shares Sold by Veriti Management LLC

CAPROCK Group Inc. Boosts Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)