Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 33.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 439 shares of the company’s stock after selling 216 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Builders FirstSource were worth $55,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource during the fourth quarter worth about $34,000. Sentry Investment Management LLC purchased a new stake in Builders FirstSource during the 1st quarter valued at approximately $40,000. Avion Wealth lifted its position in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after acquiring an additional 306 shares during the period. Mather Group LLC. grew its stake in shares of Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company’s stock valued at $71,000 after purchasing an additional 237 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Down 1.5%

NYSE:BLDR opened at $111.70 on Friday. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $115.49 and a 200-day simple moving average of $139.39. The company has a market capitalization of $12.34 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.80 and a beta of 1.69.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the firm posted $2.65 EPS. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

BLDR has been the subject of several recent research reports. BMO Capital Markets decreased their price target on Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating for the company in a report on Monday, May 5th. The Goldman Sachs Group cut their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $132.00 target price on shares of Builders FirstSource in a report on Thursday, May 15th. Benchmark dropped their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Truist Financial reduced their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and an average target price of $167.58.

Insider Buying and Selling at Builders FirstSource

In other news, Director Dirkson R. Charles acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $548,350. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul S. Levy acquired 216,483 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average cost of $110.65 per share, for a total transaction of $23,953,843.95. Following the purchase, the director now directly owns 1,389,170 shares of the company’s stock, valued at approximately $153,711,660.50. This trade represents a 18.46% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 505,000 shares of company stock worth $56,032,120. 2.00% of the stock is owned by insiders.

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.