Several institutional investors have recently changed their holdings in Builders FirstSource. Vanguard increased its stake by 0.7%, owning now 10,240 shares valued at $1.42 million after buying 74 more shares. First Horizon Advisors grew their stake by 42.1%, owning 253 shares now worth $35,000 after an additional 75 shares purchased. Team Hewins LLC raised their holdings by 6.5%, owning 1,313 shares valued at $274,000 after buying 80 more. Csenge Advisory Group increased by 1.9%, now owning 4,252 shares worth $589,000 after 81 additional shares. Centaurus Financial raised its stake by 9.1%, owning 991 shares at $137,000 after purchasing 83 shares. Currently, institutional investors own 95.53% of the stock.
Wall Street Analyst Insights
Builders FirstSource (BLDR) has received mixed ratings from analysts. Barclays reduced their target price from $188 to $182 with an “overweight” rating. Jefferies maintained a “buy” rating with a $185 target, down from $205. Stifel Nicolaus decreased their target from $217 to $195, while Bank of America raised theirs from $165 to $198 but gave a “neutral” rating. StockNews.com upgraded the stock from “hold” to “buy.” Overall, four analysts rated it as hold, thirteen as buy, and one as strong buy, giving it a consensus rating of “Moderate Buy” with a target price of $190.
Get Our Latest Analysis on Builders FirstSource
Builders FirstSource Stock Update
On Thursday, shares of NYSE:BLDR opened at $195.22. The company’s market cap is $23.83 billion, with a P/E ratio of 16.71 and a PEG ratio of 11.56. The company reported earnings of $3.50 per share, beating estimates of $3.02, with a net margin of 8.25%. Their revenue was $4.46 billion, slightly below expectations of $4.48 billion. A stock buyback plan worth $1 billion was also approved, indicating the board believes the stock is undervalued.
Insider Transactions
On August 8, Director Craig Arthur Steinke sold 30,000 shares at an average price of $153.68, totaling $4.61 million. After this sale, he retains 95,333 shares valued at around $14.65 million. Currently, insiders hold 1.80% of the stock.
Company Overview
Builders FirstSource, Inc. manufactures and supplies building materials and construction services to homebuilders, sub-contractors, and consumers across the U.S. Their products include lumber, manufactured components, windows, and custom products.
Related Articles
- Five stocks we like better than Builders FirstSource
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Maximize Your Returns: 3 Dividend Stocks With Yields Over 5%
- What is MarketRank? How to Use it
- Dine Brands Transformation Plan: A Recipe for Recovery?
- Compound Interest and Why It Matters When Investing
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
Get Daily News & Ratings for Builders FirstSource – Enter your email for a summary of the latest news and ratings with MarketBeat.com’s FREE daily newsletter.
`
