1,202 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,202 shares of the company’s stock, valued at approximately $251,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EdgeRock Capital LLC acquired a new stake in Builders FirstSource in the fourth quarter valued at $25,000. Contravisory Investment Management Inc. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at about $28,000. Rakuten Securities Inc. bought a new position in shares of Builders FirstSource during the fourth quarter worth about $29,000. Raleigh Capital Management Inc. increased its position in Builders FirstSource by 134.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after purchasing an additional 142 shares during the period. Finally, Principal Securities Inc. bought a new position in Builders FirstSource during the 4th quarter worth approximately $32,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 4.0 %

Shares of BLDR stock traded down $5.71 during trading hours on Tuesday, reaching $136.51. The company had a trading volume of 3,661,557 shares, compared to its average volume of 1,562,497. The company has a market cap of $16.66 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 2.30 and a beta of 2.08. 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 12 month low of $105.24 and a 12 month high of $214.70. The business has a fifty day simple moving average of $166.05 and a 200-day simple moving average of $176.49.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share 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 business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the business earned $2.96 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, research analysts expect that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction that occurred on 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 owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction on 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 sale, the insider now owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BLDR has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Truist Financial cut their target price on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Barclays lowered 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. DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a report on Thursday, March 28th. Finally, StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.47.

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.