Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Edmonds Duncan Registered Investment Advisors LLC

Edmonds Duncan Registered Investment Advisors LLC reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 13.2% during the 1st quarter, Holdings Channel reports. The fund owned 1,669 shares of the company’s stock after selling 254 shares during the quarter. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Builders FirstSource were worth $348,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Private Trust Co. NA raised its stake in shares of Builders FirstSource by 30.7% in the fourth quarter. Private Trust Co. NA now owns 345 shares of the company’s stock valued at $58,000 after acquiring an additional 81 shares in the last quarter. Congress Wealth Management LLC DE raised its stake in shares of Builders FirstSource by 1.4% in the fourth quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock valued at $1,035,000 after acquiring an additional 85 shares in the last quarter. Mezzasalma Advisors LLC raised its stake in shares of Builders FirstSource by 0.6% in the third quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock valued at $1,832,000 after acquiring an additional 90 shares in the last quarter. Quarry LP raised its stake in shares of Builders FirstSource by 49.7% in the fourth quarter. Quarry LP now owns 280 shares of the company’s stock valued at $47,000 after acquiring an additional 93 shares in the last quarter. Finally, Czech National Bank raised its stake in shares of Builders FirstSource by 0.4% in the first quarter. Czech National Bank now owns 21,703 shares of the company’s stock valued at $4,526,000 after acquiring an additional 93 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on BLDR. Jefferies Financial Group raised their price target on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Barclays cut their price target on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. DA Davidson restated a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a research note on Thursday, March 28th. Wedbush cut their price target on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Finally, Bank of America cut their price target on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and an average price target of $192.47.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded down $0.81 during midday trading on Tuesday, reaching $133.18. 225,786 shares of the company were exchanged, compared to its average volume of 1,572,486. 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, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70. The stock has a fifty day simple moving average of $161.74 and a 200 day simple moving average of $175.88. The stock has a market cap of $16.26 billion, a P/E ratio of 11.47, a PEG ratio of 2.23 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the company posted $2.96 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, research analysts forecast that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of Builders FirstSource 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 sale, the insider now owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of Builders FirstSource 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 sale, the insider now owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction that occurred on Friday, May 24th. The shares were 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 disclosure for this sale can be found here. Corporate 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.