Several institutional investors have recently changed their holdings in Builders FirstSource (NYSE: BLDR). Vanguard Personalized Indexing increased its stake by 0.7% to 10,240 shares, worth $1.42 million, after buying 74 shares. First Horizon Advisors raised its stake by 42.1%, owning 253 shares worth $35,000 after adding 75 shares. Team Hewins grew its holdings by 6.5% to 1,313 shares, valued at $274,000 after an 80-share purchase. Csenge Advisory Group raised its stake by 1.9%, owning 4,252 shares worth $589,000 after buying 81 shares. Centaurus Financial increased its holdings by 9.1% to 991 shares worth $137,000 after purchasing 83 shares. Institutional investors now own 95.53% of the stock.
Wall Street Analyst Overview
Builders FirstSource has been covered by several analysts. Barclays reduced its target price from $188 to $182, maintaining an overweight rating. Jefferies kept a buy rating with a reduced target of $185 from $205. Stifel Nicolaus lowered its target from $217 to $195, also with a buy rating. Bank of America increased its target from $165 to $198, giving it a neutral rating. StockNews.com upgraded the stock from hold to buy. Overall, four analysts rated it hold, thirteen rated it buy, and one gave a strong buy rating, with an average rating of Moderate Buy and a target price of $190.00.
Builders FirstSource Stock Update
As of Thursday, shares opened at $195.22, with a market cap of $23.83 billion. The company reported $3.50 EPS for the last quarter, surpassing the $3.02 expected by analysts. Revenue was $4.46 billion, slightly below estimates. The stock has a 52-week low of $105.24 and a high of $214.70. Builders FirstSource plans to repurchase $1 billion worth of shares, indicating they believe their stock is undervalued.
Insider Activity
Director Craig Arthur Steinke sold 30,000 shares for about $4.61 million on August 8. He now owns 95,333 shares valued at $14.65 million. Company insiders hold 1.80% of the stock.
Company Overview
Builders FirstSource, Inc. manufactures and supplies building materials and construction services across the U.S., catering to homebuilders and consumers. Their products include dimensional lumber, trusses, panels, windows, and custom items.
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