MorganRosel Wealth Management LLC Reduces Position in Builders FirstSource, Inc. (NYSE:BLDR)

MorganRosel Wealth Management LLC decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,856 shares of the company’s stock after selling 380 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Builders FirstSource were worth $1,221,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. EdgeRock Capital LLC acquired a new stake in shares of Builders FirstSource during the fourth quarter worth approximately $25,000. Contravisory Investment Management Inc. acquired a new stake in Builders FirstSource during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. bought a new position in Builders FirstSource during the 4th quarter worth approximately $29,000. Raleigh Capital Management Inc. grew its position in shares of Builders FirstSource by 134.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after acquiring an additional 142 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BLDR. DA Davidson reissued a “neutral” rating and set a $185.00 target price on shares of Builders FirstSource in a report on Thursday, March 28th. Bank of America reduced their price target 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 raised their price target on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Finally, Barclays lowered their target price on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and an average price target of $192.47.

Insider Activity

In other news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction dated 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 of the company’s stock, valued at approximately $4,794,380.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were 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 directly owns 30,106 shares in the company, valued at $4,794,380.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the company’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 owns 22,667 shares in the company, valued at approximately $3,855,883.37. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Builders FirstSource Price Performance

Shares of BLDR opened at $138.40 on Monday. Builders FirstSource, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The firm has a market capitalization of $16.89 billion, a PE ratio of 11.85, a PEG ratio of 2.23 and a beta of 2.04. The company’s 50-day moving average is $162.63 and its 200-day moving average is $176.12. 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 (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.23. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.96 earnings per share. Equities analysts forecast that Builders FirstSource, Inc. will post 12.93 EPS for the current year.

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.