Amplius Wealth Advisors LLC Takes $231,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

Amplius Wealth Advisors LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,190 shares of the company’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $27,000. Armstrong Advisory Group Inc. bought a new position in Builders FirstSource in the third quarter valued at approximately $30,000. Westside Investment Management Inc. acquired a new stake in Builders FirstSource during the 1st quarter worth $31,000. ORG Partners LLC bought a new stake in shares of Builders FirstSource during the 1st quarter valued at $33,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after purchasing an additional 75 shares during the period. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of analyst reports. Baird R W raised Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Bank of America upped their price target on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Royal Bank of Canada cut their price target on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Stifel Nicolaus decreased their price objective on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and increased their target price for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.38.

Insider Transactions at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the transaction, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $198.46 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. The firm has a market cap of $24.22 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 11.48 and a beta of 2.06. The stock’s 50-day moving average is $179.24 and its 200-day moving average is $169.52. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its earnings results 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 37.05% and a net margin of 8.25%. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter in the previous year, the business posted $3.89 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts predict that Builders FirstSource, Inc. will post 11.68 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has authorized a share buyback plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.