Oliver Luxxe Assets LLC Takes $221,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

Oliver Luxxe Assets LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,058 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. EdgeRock Capital LLC acquired a new position in shares of Builders FirstSource during the 4th quarter valued at about $25,000. Contravisory Investment Management Inc. acquired a new stake in Builders FirstSource during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. acquired a new stake in Builders FirstSource during the 4th quarter worth approximately $29,000. Principal Securities Inc. acquired a new stake in Builders FirstSource during the 4th quarter worth approximately $32,000. Finally, Lindbrook Capital LLC increased its position in Builders FirstSource by 237.7% during the 4th quarter. Lindbrook Capital LLC now owns 233 shares of the company’s stock worth $39,000 after purchasing an additional 164 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Activity

In other 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 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 SEC, which is accessible through this link. In related news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction on 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 directly owns 30,106 shares in the company, valued at $4,794,380.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, 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. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BLDR. DA Davidson reissued a “neutral” rating and set a $185.00 target price on shares of Builders FirstSource in a research report on Thursday, March 28th. Zelman & Associates reissued a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Barclays dropped their target price on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Robert W. Baird dropped their target price on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, Jefferies Financial Group increased their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus target price of $192.47.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $133.99 on Tuesday. The stock has a market cap of $16.35 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 2.23 and a beta of 2.04. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average of $161.74 and a 200-day moving average of $175.88. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.42 by $0.23. The company 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 business’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $2.96 EPS. On average, analysts expect that Builders FirstSource, Inc. will post 12.93 EPS for the current fiscal year.

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.