Oak Thistle LLC Decreases Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Oak Thistle LLC cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 65.5% in the first quarter, HoldingsChannel reports. The firm owned 1,537 shares of the company’s stock after selling 2,922 shares during the quarter. Oak Thistle LLC’s holdings in Builders FirstSource were worth $321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EdgeRock Capital LLC purchased a new stake in Builders FirstSource during the 4th quarter worth about $25,000. Contravisory Investment Management Inc. purchased a new stake in Builders FirstSource during the 4th quarter worth about $28,000. Rakuten Securities Inc. purchased a new stake in Builders FirstSource during the 4th quarter worth about $29,000. Raleigh Capital Management Inc. increased its position 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 worth $31,000 after purchasing an additional 142 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Builders FirstSource during the fourth quarter worth about $32,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 3.2 %

BLDR traded down $4.42 during trading on Monday, hitting $133.99. The company’s stock had a trading volume of 1,831,703 shares, compared to its average volume of 1,582,621. The firm’s 50 day moving average price is $161.74 and its 200-day moving average price is $175.88. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.45. The stock has a market cap of $16.35 billion, a PE ratio of 11.47, a PEG ratio of 2.23 and a beta of 2.04. 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, May 7th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.23. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. Builders FirstSource’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.96 EPS. On average, analysts expect that Builders FirstSource, Inc. will post 12.93 earnings per share for the current year.

Insider Transactions at Builders FirstSource

In related news, insider Paul M. Mccrobie sold 9,118 shares of the 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 completion of the sale, the insider now directly owns 22,667 shares in the company, valued at approximately $3,855,883.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Michael Hiller sold 4,875 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares in the company, valued at approximately $3,855,883.37. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Barclays lowered their price objective on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Jefferies Financial Group lifted their price objective on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Truist Financial lowered their price objective on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Finally, StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.47.

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.