Westside Investment Management Inc. Acquires Shares of 150 Builders FirstSource, Inc. (NYSE:BLDR)

Westside Investment Management Inc. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 150 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norden Group LLC bought a new position in shares of Builders FirstSource during the first quarter valued at approximately $265,000. Tower Wealth Partners Inc. bought a new position in shares of Builders FirstSource during the first quarter valued at approximately $264,000. Nvest Financial LLC bought a new position in shares of Builders FirstSource during the first quarter valued at approximately $266,000. Measured Wealth Private Client Group LLC raised its holdings in shares of Builders FirstSource by 4.6% during the first quarter. Measured Wealth Private Client Group LLC now owns 3,675 shares of the company’s stock valued at $766,000 after acquiring an additional 163 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Builders FirstSource by 20.9% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 16,190 shares of the company’s stock valued at $3,377,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 0.3 %

Builders FirstSource stock opened at $134.38 on Friday. 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 $16.40 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 2.17 and a beta of 2.04. The business’s fifty day moving average is $158.63 and its 200 day moving average is $175.11.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating 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 company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the firm posted $2.96 earnings per share. Builders FirstSource’s revenue was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 12.93 EPS for the current year.

Insider Activity at Builders FirstSource

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BLDR shares. Barclays decreased their target price on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Robert W. Baird decreased their price objective on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Truist Financial decreased their price objective 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 report on Thursday, June 27th. Finally, Wedbush decreased their price objective on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.47.

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.