Csenge Advisory Group Decreases Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Csenge Advisory Group cut its position in Builders FirstSource, Inc. (NYSE:BLDR) by 20.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,171 shares of the company’s stock after selling 1,086 shares during the period. Csenge Advisory Group’s holdings in Builders FirstSource were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. EdgeRock Capital LLC acquired a new position in Builders FirstSource during the 4th quarter worth approximately $25,000. Westside Investment Management Inc. purchased a new position in shares of Builders FirstSource during the 1st quarter worth $31,000. American Capital Advisory LLC acquired a new stake in Builders FirstSource in the 1st quarter worth about $34,000. Contravisory Investment Management Inc. acquired a new position in Builders FirstSource during the fourth quarter worth approximately $28,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Builders FirstSource in the 4th quarter worth $29,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Michael Hiller sold 4,875 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the transaction, the insider now owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BLDR. Jefferies Financial Group upped their target price on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Robert W. Baird dropped their price target on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Truist Financial lowered their target price on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Finally, Wedbush cut their price objective on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.47.

Builders FirstSource Stock Up 7.5 %

NYSE BLDR opened at $146.92 on Friday. The stock has a market capitalization of $17.93 billion, a PE ratio of 12.58, a PEG ratio of 2.20 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 has a fifty day moving average price of $153.71 and a two-hundred day moving average price of $174.18. Builders FirstSource, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the business earned $2.96 EPS. The company’s revenue was up .2% compared to the same quarter last year. Equities analysts expect that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

Builders FirstSource 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.