Gateway Investment Advisers LLC Buys Shares of 1,602 Builders FirstSource, Inc. (NYSE:BLDR)

Gateway Investment Advisers LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,602 shares of the company’s stock, valued at approximately $334,000.

A number of other hedge funds have also made changes to their positions in BLDR. Vanguard Group Inc. raised its holdings in shares of Builders FirstSource by 15.7% during the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after acquiring an additional 1,985,297 shares during the last quarter. Norges Bank acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $212,209,000. Boston Partners increased its holdings in shares of Builders FirstSource by 73.5% in the fourth quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after purchasing an additional 578,961 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Builders FirstSource by 30,560.2% in the third quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock valued at $69,506,000 after purchasing an additional 556,501 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Builders FirstSource by 152.9% in the fourth quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock valued at $81,628,000 after purchasing an additional 295,643 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

In related news, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction 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 transaction, the insider now directly owns 22,667 shares in the company, valued at $3,855,883.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction 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 transaction, the insider now directly owns 30,106 shares in the company, valued at $4,794,380.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were 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 in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Builders FirstSource Trading Up 0.2 %

BLDR opened at $136.74 on Thursday. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70. The business has a fifty day simple moving average of $164.29 and a 200-day simple moving average of $176.13. The firm has a market cap of $16.69 billion, a P/E ratio of 11.71, a P/E/G ratio of 2.20 and a beta of 2.08. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75.

Builders FirstSource (NYSE:BLDR) last released 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 return on equity of 38.66% and a net margin of 8.57%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the business posted $2.96 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts expect that Builders FirstSource, Inc. will post 12.93 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wedbush cut their price target on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday. Bank of America cut their price target on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Truist Financial cut their price target on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Robert W. Baird lowered their price objective on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.47.

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, 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.