Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Avitas Wealth Management LLC

Avitas Wealth Management LLC increased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 16.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,641 shares of the company’s stock after buying an additional 381 shares during the period. Avitas Wealth Management LLC’s holdings in Builders FirstSource were worth $512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Diversified Trust Co acquired a new stake in shares of Builders FirstSource during the 1st quarter worth approximately $559,000. Norden Group LLC acquired a new stake in shares of Builders FirstSource during the 1st quarter worth approximately $265,000. Westside Investment Management Inc. acquired a new stake in shares of Builders FirstSource during the 1st quarter worth approximately $31,000. First Trust Direct Indexing L.P. grew its stake in shares of Builders FirstSource by 9.9% during the 1st quarter. First Trust Direct Indexing L.P. now owns 3,238 shares of the company’s stock worth $675,000 after purchasing an additional 293 shares during the period. Finally, HB Wealth Management LLC grew its stake in shares of Builders FirstSource by 5.3% during the 1st quarter. HB Wealth Management LLC now owns 2,147 shares of the company’s stock worth $448,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BLDR shares. Barclays lifted their price target on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target on the stock. Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and lifted their price target for the company from $165.00 to $220.00 in a research note on Monday, September 16th. UBS Group started coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 price target on the stock. Finally, Bank of America lifted their price target on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $200.35.

Builders FirstSource Stock Up 0.6 %

NYSE BLDR opened at $172.62 on Thursday. Builders FirstSource, Inc. has a 52 week low of $107.84 and a 52 week high of $214.70. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The business’s fifty day simple moving average is $184.49 and its 200-day simple moving average is $168.64. The firm has a market cap of $21.07 billion, a PE ratio of 14.78, a P/E/G ratio of 11.48 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, topping 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 business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the previous year, the firm earned $3.89 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 11.68 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Activity at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 95,333 shares in the company, valued at approximately $14,650,775.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by insiders.

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.