First Trust Direct Indexing L.P. lifted its position in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,478 shares of the company’s stock after purchasing an additional 110 shares during the period. First Trust Direct Indexing L.P.’s holdings in Builders FirstSource were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of BLDR. Franklin Street Advisors Inc. NC bought a new position in Builders FirstSource in the 2nd quarter worth $236,000. Perpetual Ltd purchased a new position in shares of Builders FirstSource in the second quarter valued at about $700,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Builders FirstSource by 6.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,578 shares of the company’s stock worth $1,031,000 after acquiring an additional 443 shares during the period. BTC Capital Management Inc. purchased a new stake in shares of Builders FirstSource during the second quarter worth about $823,000. Finally, Kathmere Capital Management LLC raised its stake in Builders FirstSource by 59.9% during the 2nd quarter. Kathmere Capital Management LLC now owns 5,105 shares of the company’s stock valued at $694,000 after purchasing an additional 1,913 shares during the period. 94.73% of the stock is currently owned by institutional investors.
Builders FirstSource Stock Up 0.7 %
Shares of NYSE BLDR opened at $121.84 on Monday. The company has a market cap of $15.23 billion, a P/E ratio of 9.44 and a beta of 2.02. The firm has a 50-day simple moving average of $139.91 and a two-hundred day simple moving average of $122.33. Builders FirstSource, Inc. has a 1 year low of $52.70 and a 1 year high of $156.85. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.84 and a quick ratio of 1.15.
Insider Transactions at Builders FirstSource
In related news, insider Michael Hiller sold 5,965 shares of Builders FirstSource stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $147.91, for a total transaction of $882,283.15. Following the completion of the sale, the insider now owns 32,892 shares in the company, valued at approximately $4,865,055.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Builders FirstSource news, insider Michael Hiller sold 5,965 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $147.91, for a total transaction of $882,283.15. Following the transaction, the insider now directly owns 32,892 shares in the company, valued at approximately $4,865,055.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $758,450.00. Following the completion of the sale, the executive vice president now owns 65,748 shares of the company’s stock, valued at $9,973,314.12. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on BLDR. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Stephens lifted their price target on shares of Builders FirstSource from $130.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. Barclays increased their price objective on shares of Builders FirstSource from $166.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. 888 reaffirmed a “maintains” rating on shares of Builders FirstSource in a report on Monday, June 26th. Finally, BMO Capital Markets increased their price target on Builders FirstSource from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, August 4th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus target price of $149.69.
Read Our Latest Stock Report on Builders FirstSource
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, 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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