Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Perkins Coie Trust Co

Perkins Coie Trust Co lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 41.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,300 shares of the company’s stock after selling 931 shares during the quarter. Perkins Coie Trust Co’s holdings in Builders FirstSource were worth $252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. Vanguard Group Inc. lifted its holdings in shares of Builders FirstSource by 15.7% in the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after buying an additional 1,985,297 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Builders FirstSource by 339.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock valued at $163,373,000 after buying an additional 911,990 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Builders FirstSource by 477,028.7% in the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after buying an additional 448,407 shares during the period. Clearbridge Investments LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at about $49,000,000. Finally, Frontier Capital Management Co. LLC raised its holdings in Builders FirstSource by 34.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock worth $189,268,000 after purchasing an additional 292,966 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of BLDR stock traded up $3.11 during trading hours on Wednesday, reaching $196.25. The company had a trading volume of 96,318 shares, compared to its average volume of 1,601,495. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83. The stock has a fifty day moving average of $175.50 and a 200-day moving average of $170.02. The company has a market capitalization of $23.95 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 11.56 and a beta of 2.06. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly 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. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.89 earnings per share. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.68 earnings per share for the current year.

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

Insider Activity at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the transaction, the director now directly owns 95,333 shares in the company, valued at approximately $14,650,775.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BLDR shares. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Builders FirstSource in a report on Tuesday, August 6th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and upped their price target for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Robert W. Baird raised Builders FirstSource from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $185.00 to $190.00 in a report on Wednesday, August 7th. Finally, Benchmark reduced their price target on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $190.00.

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.