UMB Bank n.a. Sells 105 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

UMB Bank n.a. reduced its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 20.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 411 shares of the company’s stock after selling 105 shares during the period. UMB Bank n.a.’s holdings in Builders FirstSource were worth $57,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BLDR. International Assets Investment Management LLC bought a new stake in Builders FirstSource during the 4th quarter valued at about $221,000,000. Truist Financial Corp lifted its holdings in shares of Builders FirstSource by 11.6% in the 4th quarter. Truist Financial Corp now owns 18,548 shares of the company’s stock worth $3,096,000 after buying an additional 1,922 shares during the period. Brighton Jones LLC purchased a new stake in shares of Builders FirstSource during the 4th quarter valued at $264,000. Victory Capital Management Inc. grew its stake in shares of Builders FirstSource by 41.6% during the fourth quarter. Victory Capital Management Inc. now owns 213,133 shares of the company’s stock worth $35,580,000 after acquiring an additional 62,601 shares during the last quarter. Finally, New York Life Investment Management LLC raised its position in shares of Builders FirstSource by 437.8% in the 4th quarter. New York Life Investment Management LLC now owns 17,580 shares of the company’s stock valued at $2,935,000 after purchasing an additional 14,311 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Builders FirstSource in a report on Tuesday, August 6th. Truist Financial dropped their price target on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Royal Bank of Canada decreased their price objective on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Barclays decreased their target price on shares of Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $180.47.

Insider Buying and Selling at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the sale, the director now owns 95,333 shares of the company’s stock, valued at $14,650,775.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Builders FirstSource Trading Up 1.1 %

BLDR stock opened at $174.00 on Friday. The business’s 50-day moving average is $155.31 and its 200 day moving average is $172.10. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70. The stock has a market cap of $21.24 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 2.57 and a beta of 2.04. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.02 by $0.48. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the prior year, the company earned $3.89 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 12.91 EPS for the current fiscal year.

Builders FirstSource declared that its board has approved a share repurchase plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

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.