Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,512 shares of the company’s stock after selling 161 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Builders FirstSource were worth $586,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in Builders FirstSource in the fourth quarter valued at $28,000. Rakuten Securities Inc. purchased a new position in Builders FirstSource during the 4th quarter valued at about $29,000. Rock Creek Group LP acquired a new position in Builders FirstSource during the third quarter worth about $30,000. BluePath Capital Management LLC purchased a new stake in shares of Builders FirstSource in the third quarter valued at about $31,000. Finally, Raleigh Capital Management Inc. grew its position in shares of Builders FirstSource by 134.0% in the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after purchasing an additional 142 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Barclays boosted their price target on Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $153.00 to $200.00 in a report on Monday, January 29th. Oppenheimer increased their target price on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. DA Davidson reiterated a “neutral” rating and set a $185.00 price objective on shares of Builders FirstSource in a report on Thursday, March 28th. Finally, Truist Financial upped their price target on shares of Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and an average price target of $190.06.

Builders FirstSource Stock Up 3.7 %

Shares of BLDR stock traded up $7.07 during trading hours on Friday, hitting $195.81. 1,809,086 shares of the company were exchanged, compared to its average volume of 1,239,646. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. The stock has a market capitalization of $23.88 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 1.17 and a beta of 2.08. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70. The business’s 50-day simple moving average is $195.49 and its two-hundred day simple moving average is $167.41.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.70 by $0.85. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. Sell-side analysts predict that Builders FirstSource, Inc. will post 13.83 EPS for the current fiscal year.

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.