EP Wealth Advisors LLC Acquires New Shares in Builders FirstSource, Inc. (NYSE:BLDR)

EP Wealth Advisors LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,106 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its position in Builders FirstSource by 6.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 51,398 shares of the company’s stock worth $9,886,000 after acquiring an additional 3,091 shares during the last quarter. Wahed Invest LLC lifted its position in Builders FirstSource by 16.3% during the 3rd quarter. Wahed Invest LLC now owns 2,914 shares of the company’s stock worth $565,000 after acquiring an additional 409 shares during the last quarter. Weiss Asset Management LP acquired a new position in Builders FirstSource during the 3rd quarter worth $10,561,000. Tabor Asset Management LP lifted its position in Builders FirstSource by 56.8% during the 3rd quarter. Tabor Asset Management LP now owns 30,874 shares of the company’s stock worth $5,985,000 after acquiring an additional 11,185 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in Builders FirstSource by 33.9% during the 3rd quarter. Stifel Financial Corp now owns 151,046 shares of the company’s stock worth $29,282,000 after acquiring an additional 38,254 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the subject of a number of research analyst reports. Stephens boosted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Loop Capital boosted their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Oppenheimer restated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Finally, Jefferies Financial Group boosted their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

Builders FirstSource Price Performance

NYSE:BLDR opened at $166.43 on Friday. The firm has a market cap of $19.15 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The company’s 50-day moving average price is $181.69 and its two-hundred day moving average price is $169.04.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.24 earnings per share. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal 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.