Barclays PLC trimmed its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 70.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,547 shares of the company’s stock after selling 384,336 shares during the quarter. Barclays PLC owned approximately 0.11% of Builders FirstSource worth $10,676,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. WASHINGTON TRUST Co lifted its position in Builders FirstSource by 6.8% in the 4th quarter. WASHINGTON TRUST Co now owns 2,624 shares of the company’s stock valued at $170,000 after purchasing an additional 166 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Builders FirstSource by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,537 shares of the company’s stock valued at $489,000 after purchasing an additional 168 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Builders FirstSource by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 12,414 shares of the company’s stock valued at $805,000 after purchasing an additional 176 shares during the last quarter. CWM LLC lifted its position in Builders FirstSource by 9.8% in the 4th quarter. CWM LLC now owns 2,273 shares of the company’s stock valued at $147,000 after purchasing an additional 203 shares during the last quarter. Finally, United Capital Financial Advisers LLC lifted its position in Builders FirstSource by 6.1% in the 1st quarter. United Capital Financial Advisers LLC now owns 4,643 shares of the company’s stock valued at $300,000 after purchasing an additional 268 shares during the last quarter. 94.71% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Builders FirstSource news, insider Michael Alan Farmer sold 12,500 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $108.97, for a total value of $1,362,125.00. Following the sale, the insider now owns 62,122 shares of the company’s stock, valued at approximately $6,769,434.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Builders FirstSource news, insider Michael Alan Farmer sold 12,500 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $108.97, for a total value of $1,362,125.00. Following the sale, the insider now owns 62,122 shares of the company’s stock, valued at approximately $6,769,434.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jami Beckmann sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $120.69, for a total transaction of $241,380.00. Following the completion of the sale, the insider now directly owns 41,262 shares in the company, valued at approximately $4,979,910.78. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.
Builders FirstSource Price Performance
Builders FirstSource (NYSE:BLDR – Get Rating) last announced its earnings results on Wednesday, May 3rd. The company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $1.33. Builders FirstSource had a net margin of 11.68% and a return on equity of 55.42%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the firm posted $3.90 earnings per share. Builders FirstSource’s revenue was down 31.6% compared to the same quarter last year. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 9.62 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Robert W. Baird cut shares of Builders FirstSource from an “outperform” rating to a “neutral” rating and set a $96.00 price objective on the stock. in a research note on Thursday, May 4th. DA Davidson lifted their target price on shares of Builders FirstSource from $80.00 to $105.00 in a research report on Thursday, May 4th. Zelman & Associates upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Monday, May 8th. BMO Capital Markets raised their price target on shares of Builders FirstSource from $92.00 to $100.00 in a report on Friday, May 5th. Finally, Truist Financial raised their price target on shares of Builders FirstSource from $97.00 to $124.00 in a report on Thursday, May 4th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.25.
Builders FirstSource Company Profile
Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.
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