Brown Advisory Inc. decreased its position in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,763 shares of the company’s stock after selling 1,139 shares during the quarter. Brown Advisory Inc.’s holdings in Builders FirstSource were worth $1,755,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingfisher Capital LLC raised its stake in shares of Builders FirstSource by 0.3% in the 1st quarter. Kingfisher Capital LLC now owns 45,746 shares of the company’s stock valued at $4,061,000 after purchasing an additional 134 shares during the period. Fifth Third Bancorp increased its position in shares of Builders FirstSource by 20.6% in the first quarter. Fifth Third Bancorp now owns 803 shares of the company’s stock valued at $71,000 after acquiring an additional 137 shares during the last quarter. WASHINGTON TRUST Co increased its position in shares of Builders FirstSource by 6.8% in the fourth quarter. WASHINGTON TRUST Co now owns 2,624 shares of the company’s stock valued at $170,000 after acquiring an additional 166 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Builders FirstSource by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,537 shares of the company’s stock valued at $489,000 after acquiring an additional 168 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its position in shares of Builders FirstSource by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 12,612 shares of the company’s stock valued at $1,120,000 after acquiring an additional 198 shares during the last quarter. Institutional investors and hedge funds own 94.57% of the company’s stock.
Builders FirstSource Trading Up 2.7 %
Shares of NYSE:BLDR opened at $151.86 on Tuesday. Builders FirstSource, Inc. has a 12-month low of $52.70 and a 12-month high of $156.85. The stock has a market cap of $18.99 billion, a PE ratio of 11.76 and a beta of 1.99. The business has a 50 day moving average of $136.57 and a 200-day moving average of $111.72. The company has a quick ratio of 1.15, a current ratio of 1.84 and a debt-to-equity ratio of 0.85.
Insider Activity at Builders FirstSource
In related news, insider Jami Beckmann sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $120.69, for a total value of $241,380.00. Following the completion of the sale, the insider now directly owns 41,262 shares in the company, valued at $4,979,910.78. The sale was disclosed in a filing with the SEC, which is available at this link. In other Builders FirstSource news, EVP Timothy D. Johnson sold 5,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $151.69, for a total transaction of $758,450.00. Following the completion of the sale, the executive vice president now directly owns 65,748 shares in the company, valued at $9,973,314.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jami Beckmann sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $120.69, for a total value of $241,380.00. Following the sale, the insider now owns 41,262 shares of the company’s stock, valued at $4,979,910.78. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Robert W. Baird downgraded Builders FirstSource from an “outperform” rating to a “neutral” rating and set a $96.00 target price on the stock. in a research report on Thursday, May 4th. Wedbush reissued an “outperform” rating and set a $175.00 price target on shares of Builders FirstSource in a research report on Thursday, August 3rd. Barclays boosted their price target on Builders FirstSource from $166.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. BMO Capital Markets boosted their price target on Builders FirstSource from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, August 4th. Finally, 888 reissued a “maintains” rating on shares of Builders FirstSource in a research report on Monday, June 26th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus price target of $147.17.
View Our Latest Stock Report on BLDR
About Builders FirstSource
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 trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.
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