CANADA LIFE ASSURANCE Co Has $19.83 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

CANADA LIFE ASSURANCE Co trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 1.5% during the first quarter, Holdings Channel reports. The firm owned 95,048 shares of the company’s stock after selling 1,458 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Builders FirstSource were worth $19,832,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. EdgeRock Capital LLC bought a new position in Builders FirstSource during the fourth quarter worth $25,000. Rakuten Securities Inc. acquired a new position in shares of Builders FirstSource during the fourth quarter valued at about $29,000. Westside Investment Management Inc. bought a new position in shares of Builders FirstSource during the 1st quarter worth about $31,000. Principal Securities Inc. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at about $32,000. Finally, ORG Partners LLC acquired a new stake in shares of Builders FirstSource in the 1st quarter valued at about $33,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Builders FirstSource

In other news, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the transaction, the insider now owns 22,667 shares in the company, valued at approximately $3,855,883.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 22,667 shares in the company, valued at approximately $3,855,883.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $158.72 on Friday. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70. The firm’s 50-day simple moving average is $150.87 and its two-hundred day simple moving average is $173.83. The firm has a market cap of $19.37 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 2.48 and a beta of 2.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the firm posted $2.96 EPS. Builders FirstSource’s revenue was up .2% on a year-over-year basis. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 12.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BLDR. Truist Financial cut their price target on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. DA Davidson reiterated a “neutral” rating and issued a $185.00 target price on shares of Builders FirstSource in a report on Thursday, March 28th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday. Robert W. Baird dropped their price objective 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. Finally, Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $191.67.

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.