Fulton Bank N.A. Sells 502 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Fulton Bank N.A. decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 21.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,812 shares of the company’s stock after selling 502 shares during the period. Fulton Bank N.A.’s holdings in Builders FirstSource were worth $259,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its stake in Builders FirstSource by 107.3% during the second quarter. Private Advisor Group LLC now owns 9,999 shares of the company’s stock worth $1,384,000 after purchasing an additional 5,176 shares during the last quarter. Choreo LLC bought a new stake in Builders FirstSource during the second quarter worth about $224,000. Daiwa Securities Group Inc. lifted its stake in Builders FirstSource by 1.3% during the second quarter. Daiwa Securities Group Inc. now owns 20,937 shares of the company’s stock worth $2,898,000 after purchasing an additional 278 shares during the last quarter. Cornercap Investment Counsel Inc. lifted its stake in Builders FirstSource by 376.4% during the second quarter. Cornercap Investment Counsel Inc. now owns 7,261 shares of the company’s stock worth $1,005,000 after purchasing an additional 5,737 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Builders FirstSource by 22.2% during the second quarter. Oppenheimer & Co. Inc. now owns 26,482 shares of the company’s stock worth $3,665,000 after purchasing an additional 4,814 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $140.14 on Friday. The stock’s 50 day simple moving average is $166.64 and its two-hundred day simple moving average is $168.60. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a market cap of $16.13 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.96 and a beta of 2.11. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued 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). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the firm earned $4.24 earnings per share. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, analysts expect that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BLDR shares. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Tuesday. Barclays lifted their price objective on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a report on Wednesday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $208.75.

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.