Builders FirstSource, Inc. (NYSE:BLDR) Stock Position Boosted by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,256 shares of the company’s stock after buying an additional 200 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Builders FirstSource were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its holdings in Builders FirstSource by 0.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after purchasing an additional 74 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after buying an additional 75 shares during the period. Team Hewins LLC lifted its holdings in shares of Builders FirstSource by 6.5% in the first quarter. Team Hewins LLC now owns 1,313 shares of the company’s stock valued at $274,000 after buying an additional 80 shares during the period. Csenge Advisory Group grew its holdings in Builders FirstSource by 1.9% during the second quarter. Csenge Advisory Group now owns 4,252 shares of the company’s stock worth $589,000 after acquiring an additional 81 shares during the period. Finally, Congress Wealth Management LLC DE grew its stake in shares of Builders FirstSource by 1.4% in the 4th quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock worth $1,035,000 after purchasing an additional 85 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

BLDR stock opened at $194.60 on Thursday. The firm has a 50 day simple moving average of $165.76 and a 200 day simple moving average of $170.86. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70. The stock has a market cap of $23.75 billion, a P/E ratio of 16.66, a P/E/G ratio of 10.06 and a beta of 2.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same quarter last year, the business posted $3.89 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Research analysts anticipate that Builders FirstSource, Inc. will post 11.65 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has authorized a share repurchase plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Builders FirstSource

In other news, Director Craig Arthur Steinke sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the sale, the director now directly owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on BLDR shares. Barclays cut their target price on shares of Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Bank of America downgraded Builders FirstSource from a “buy” rating to a “neutral” rating and cut their price objective for the company from $183.00 to $180.00 in a research report on Friday, August 2nd. Jefferies Financial Group restated a “buy” rating and issued a $185.00 target price (down from $205.00) on shares of Builders FirstSource in a report on Friday, August 9th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and upped their target price for the company from $165.00 to $220.00 in a report on Monday. Finally, Zelman & Associates reissued a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and an average target price of $185.86.

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.