Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,848 shares of the company’s stock after purchasing an additional 174 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Builders FirstSource were worth $475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. EdgeRock Capital LLC purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at about $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Builders FirstSource during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. purchased a new position in shares of Builders FirstSource during the fourth quarter valued at approximately $29,000. Rock Creek Group LP purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $30,000. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Builders FirstSource by 134.0% during the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Truist Financial reduced their price objective on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Robert W. Baird reduced their price objective on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research note on Thursday, March 28th. Finally, Barclays cut their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $196.27.

Builders FirstSource Price Performance

BLDR opened at $166.10 on Thursday. The company has a fifty day simple moving average of $188.25 and a 200 day simple moving average of $173.03. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.51 and a beta of 2.08. Builders FirstSource, Inc. has a twelve month low of $105.24 and a twelve month high of $214.70. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $2.96 EPS. Equities research analysts expect that Builders FirstSource, Inc. will post 13.12 EPS for the current fiscal year.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the transaction, the director now directly owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

About Builders FirstSource

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.