Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 20,659 shares of the company’s stock after buying an additional 752 shares during the period. Daiwa Securities Group Inc.’s holdings in Builders FirstSource were worth $4,308,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA boosted its holdings in shares of Builders FirstSource by 30.7% during the fourth quarter. Private Trust Co. NA now owns 345 shares of the company’s stock worth $58,000 after purchasing an additional 81 shares during the last quarter. Congress Wealth Management LLC DE boosted its holdings in shares of Builders FirstSource by 1.4% during the fourth quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock worth $1,035,000 after purchasing an additional 85 shares during the last quarter. Quarry LP boosted its holdings in shares of Builders FirstSource by 49.7% during the fourth quarter. Quarry LP now owns 280 shares of the company’s stock worth $47,000 after purchasing an additional 93 shares during the last quarter. Czech National Bank boosted its holdings in shares of Builders FirstSource by 0.4% during the first quarter. Czech National Bank now owns 21,703 shares of the company’s stock worth $4,526,000 after purchasing an additional 93 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of Builders FirstSource by 2.3% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 4,241 shares of the company’s stock worth $708,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Buying and Selling

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the company’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 completion of the sale, the insider now directly owns 30,106 shares in the company, valued at $4,794,380.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the company’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 completion of the sale, the insider now directly owns 30,106 shares in the company, valued at $4,794,380.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction that occurred 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 owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the topic of several analyst reports. Truist Financial decreased 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. DA Davidson reiterated a “neutral” rating and issued a $185.00 target price on shares of Builders FirstSource in a report on Thursday, March 28th. Wedbush reduced their target price on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Robert W. Baird reduced their target price on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, Zelman & Associates reiterated a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $192.47.

Builders FirstSource Stock Performance

BLDR stock traded up $1.89 during midday trading on Monday, reaching $134.49. The company had a trading volume of 1,474,065 shares, compared to its average volume of 1,573,825. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $157.53 and a 200 day moving average price of $175.08. Builders FirstSource, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The firm has a market capitalization of $16.42 billion, a PE ratio of 11.35, a P/E/G ratio of 2.13 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating 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 company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the previous year, the firm posted $2.96 earnings per share. Builders FirstSource’s quarterly revenue was up .2% compared to the same quarter last year. Analysts anticipate that Builders FirstSource, Inc. will post 12.93 earnings per share for the current year.

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.