Builders FirstSource, Inc. (NYSE:BLDR) Stake Reduced by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,895 shares of the company’s stock after selling 763 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Builders FirstSource were worth $817,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in shares of Builders FirstSource by 30.7% in the fourth quarter. Private Trust Co. NA now owns 345 shares of the company’s stock valued at $58,000 after acquiring an additional 81 shares in the last quarter. Congress Wealth Management LLC DE raised its stake in shares of Builders FirstSource by 1.4% in the 4th quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock worth $1,035,000 after buying an additional 85 shares in the last quarter. Mezzasalma Advisors LLC lifted its holdings in shares of Builders FirstSource by 0.6% in the third quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock valued at $1,832,000 after buying an additional 90 shares during the period. Quarry LP boosted its stake in Builders FirstSource by 49.7% during the fourth quarter. Quarry LP now owns 280 shares of the company’s stock valued at $47,000 after buying an additional 93 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in Builders FirstSource by 2.3% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 4,241 shares of the company’s stock worth $708,000 after acquiring an additional 95 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $142.22 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. The firm has a market cap of $17.36 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 2.33 and a beta of 2.08. The business’s 50-day simple moving average is $166.05 and its 200-day simple moving average is $176.49. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the firm posted $2.96 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Activity at Builders FirstSource

In related news, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the sale, the insider now owns 22,667 shares in the company, valued at approximately $3,855,883.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BLDR. DA Davidson restated a “neutral” rating and set a $185.00 price objective on shares of Builders FirstSource in a research report on Thursday, March 28th. Bank of America cut their price objective on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Jefferies Financial Group upped their target price on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Wedbush reissued an “outperform” rating and set a $215.00 price target (down from $225.00) on shares of Builders FirstSource in a research report on Tuesday, May 7th. Finally, StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.13.

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, 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.