Ballentine Partners LLC Purchases New Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Ballentine Partners LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,187 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BLDR. Private Trust Co. NA grew its holdings in Builders FirstSource by 30.7% during the 4th quarter. Private Trust Co. NA now owns 345 shares of the company’s stock worth $58,000 after acquiring an additional 81 shares during the period. Congress Wealth Management LLC DE grew its holdings in Builders FirstSource by 1.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock worth $1,035,000 after acquiring an additional 85 shares during the period. Mezzasalma Advisors LLC grew its holdings in Builders FirstSource by 0.6% during the 3rd quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock worth $1,832,000 after acquiring an additional 90 shares during the period. Quarry LP grew its holdings in Builders FirstSource by 49.7% during the 4th quarter. Quarry LP now owns 280 shares of the company’s stock worth $47,000 after acquiring an additional 93 shares during the period. Finally, Czech National Bank grew its holdings in Builders FirstSource by 0.4% during the 1st quarter. Czech National Bank now owns 21,703 shares of the company’s stock worth $4,526,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on BLDR shares. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Thursday. Truist Financial decreased their price target on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Bank of America decreased their price target on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Barclays decreased their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Finally, Zelman & Associates reissued a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.47.

Insiders Place Their Bets

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares in the company, valued at approximately $3,855,883.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Builders FirstSource Trading Up 0.2 %

Shares of NYSE:BLDR opened at $136.74 on Thursday. The company’s 50-day moving average price is $164.29 and its two-hundred day moving average price is $176.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.45. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70. The stock has a market capitalization of $16.69 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 2.20 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the previous year, the firm posted $2.96 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts forecast that Builders FirstSource, Inc. will post 12.93 EPS for the current fiscal year.

Builders FirstSource Company 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.