Fulton Bank N.A. Invests $254,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Fulton Bank N.A. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,836 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Team Hewins LLC increased its holdings in shares of Builders FirstSource by 6.5% in the first quarter. Team Hewins LLC now owns 1,313 shares of the company’s stock valued at $274,000 after purchasing an additional 80 shares during the period. Private Trust Co. NA raised its position in Builders FirstSource by 30.7% during the 4th quarter. Private Trust Co. NA now owns 345 shares of the company’s stock worth $58,000 after buying an additional 81 shares during the last quarter. Congress Wealth Management LLC DE raised 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 lifted its position in Builders FirstSource by 49.7% during the fourth quarter. Quarry LP now owns 280 shares of the company’s stock valued at $47,000 after purchasing an additional 93 shares during the period. Finally, Czech National Bank boosted its holdings in 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 purchasing an additional 93 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Builders FirstSource

In other news, insider Michael Hiller sold 4,875 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the business’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 transaction, the insider now owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the transaction, 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. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Stock Performance

Shares of BLDR traded up $6.08 during mid-day trading on Tuesday, reaching $155.73. 3,803,560 shares of the company’s stock were exchanged, compared to its average volume of 1,642,937. Builders FirstSource, Inc. has a 52-week low of $105.24 and a 52-week high of $214.70. The stock has a market capitalization of $19.01 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 2.57 and a beta of 2.04. 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 business’s fifty day simple moving average is $149.67 and its 200-day simple moving average is $173.50.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.23. The firm had revenue of $3.89 billion for 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%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.96 earnings per share. On average, equities research analysts expect that Builders FirstSource, Inc. will post 12.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Zelman & Associates reissued a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Bank of America lowered Builders FirstSource from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $183.00 to $180.00 in a research report on Friday. Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research report on Tuesday. Robert W. Baird cut their price target on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Finally, Oppenheimer reiterated an “outperform” rating and set a $230.00 price target (down previously from $242.00) on shares of Builders FirstSource in a research report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.57.

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.