2 weeks Ago By ABMN Staff
Forsta AP Fonden decreased its stake in Builders FirstSource, Inc. ( NYSE:BLDR – Free Report ) by 10.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 23,900 shares of the company’s stock after selling 2,800 shares during the quarter. Forsta AP Fonden’s holdings in Builders FirstSource were worth $3,308,000 at the end of the most recent quarter. Other large investors have also recently bought and sold shares of the company.
Vanguard Group Inc. grew its holdings in shares of Builders FirstSource by 15.7% in the 4th quarter.
Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after purchasing an additional 1,985,297 shares during the last quarter. Westfield Capital Management Co.
LP grew its stake in Builders FirstSource by 11.2% during the fourth quarter. Westfield Capital Management Co.
LP now owns 1,416,611 shares of the company’s stock worth $236,489,000 after buying an additional 143,041 shares during the last quarter. Boston Partners increased its holdings in shares of Builders FirstSource by 0.8% during the first quarter.
Boston Partners now owns 1,377,335 shares of the company’s stock worth $285,794,000 after buying an additional 10,551 shares in the last quarter. Norges Bank bought a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $212,209,000. Finally, Frontier Capital Management Co.
LLC grew its position in Builders FirstSource by 34.8% during the 4th quarter. Frontier Capital Management Co.
LLC now owns 1,133,751 shares of the company’s stock worth $189,268,000 after acquiring an additional 292,966 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.
Builders FirstSource Stock Up 4.3 % NYSE:BLDR opened at $183.30 on Monday.
The stock’s fifty day simple moving average is $162.36 and its 200-day simple moving average is $170.95.
The firm has a market capitalization of $22.37 billion, a P/E ratio of 15.69, a P/E/G ratio of 10.
06 and a beta of 2.06. The company has a quick ratio of 1.
14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88.
Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.
70. Builders FirstSource declared that its Board of Directors has initiated a stock buyback plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares.
This repurchase authorization allows the company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Insider Activity at Builders FirstSource In other news, Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total transaction of $4,610,400.
00. Following the transaction, the director now directly owns 95,333 shares of the company’s stock, valued at $14,650,775.44.
The sale was disclosed in a legal filing with the SEC, which is available at the SEC website . Corporate insiders own 1.80% of the company’s stock.
Analysts Set New Price Targets BLDR has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $185.00 price objective (down previously from $205.
00) on shares of Builders FirstSource in a research report on Friday, August 9th. Zelman & Associates reiterated a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Robert W.
Baird upgraded shares of Builders FirstSource from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $185.00 to $190.00 in a research report on Wednesday, August 7th.
Wedbush reiterated an “outperform” rating and set a $175.00 target price on shares of Builders FirstSource in a research report on Tuesday, August 6th. Finally, Benchmark lowered their price target on shares of Builders FirstSource from $220.
00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock.
According to data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.57. Get Our Latest Research Report on BLDR Builders FirstSource Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter .
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