Invst LLC Purchases 347 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Invst LLC raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,606 shares of the company’s stock after acquiring an additional 347 shares during the period. Invst LLC’s holdings in Builders FirstSource were worth $751,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BLDR. Innealta Capital LLC bought a new stake in shares of Builders FirstSource in the second quarter valued at approximately $27,000. Westside Investment Management Inc. bought a new stake in shares of Builders FirstSource in the first quarter valued at approximately $31,000. ORG Partners LLC bought a new stake in shares of Builders FirstSource in the first quarter valued at approximately $33,000. American Capital Advisory LLC bought a new stake in shares of Builders FirstSource in the first quarter valued at approximately $34,000. Finally, First Horizon Advisors Inc. boosted its stake 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. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BLDR shares. Baird R W upgraded Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Builders FirstSource in a research note on Tuesday, August 6th. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and upped their target price for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Royal Bank of Canada cut their target price on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Loop Capital upped their target price on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.00.

Builders FirstSource Stock Performance

NYSE BLDR opened at $193.86 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $23.66 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 11.56 and a beta of 2.06. The stock has a fifty day simple moving average of $171.83 and a 200 day simple moving average of $170.41. Builders FirstSource, Inc. has a twelve month low of $105.24 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.89 earnings per share. Sell-side analysts expect that Builders FirstSource, Inc. will post 11.68 EPS for the current year.

Builders FirstSource declared that its board has initiated a share buyback program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the sale, the director now owns 95,333 shares of the company’s stock, valued at $14,650,775.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

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.