Several institutional investors recently changed their shares in Builders FirstSource. Vanguard increased its stake by 0.7%, now holding 10,240 shares worth $1.4 million. First Horizon boosted its shares by 42.1% to 253, valued at $35,000. Team Hewins raised its stake by 6.5% to 1,313 shares worth $274,000. Csenge Advisory grew its position by 1.9%, owning 4,252 shares valued at $589,000, while Centaurus Financial increased its holdings by 9.1% to 991 shares worth $137,000. Overall, 95.53% of the stock is owned by institutional investors.
Wall Street Analyst Opinions
Builders FirstSource (BLDR) has received various ratings from analysts. Barclays reduced its target price from $188 to $182. Jefferies maintained a “buy” rating but lowered their target to $185 from $205. Stifel Nicolaus lowered their target from $217 to $195 while Bank of America raised theirs from $165 to $198. StockNews.com upgraded Builders FirstSource from “hold” to “buy.” Of the analysts, four rate it as a hold, thirteen as a buy, and one as a strong buy, with an average rating of “Moderate Buy” and a target of $190.
Stock Performance
As of Thursday, shares of NYSE:BLDR opened at $195.22. Builders FirstSource has a market cap of $23.83 billion, a P/E ratio of 16.71, and a debt-to-equity ratio of 0.88. The stock’s 52-week range is between $105.24 and $214.70. The company beat earnings expectations, reporting $3.50 EPS for the last quarter vs. $3.02 expected, with revenue of $4.46 billion.
Insider Transactions
Director Craig Arthur Steinke sold 30,000 shares for about $4.6 million on August 8, leaving him with 95,333 shares valued at approximately $14.7 million. Insiders currently own 1.80% of the shares.
Company Overview
Builders FirstSource, Inc. provides building materials and services to homebuilders and remodelers in the U.S. They offer products like lumber, manufactured components, and customized products under various brand names.
Featured Articles
- Five stocks we like better than Builders FirstSource
- Understanding Analyst Ratings
- 3 Dividend Stocks With Yields Over 5%
- How to Use MarketRank
- Dine Brands Transformation Plan
- Importance of Compound Interest in Investing
- S&P 500 Hitting Resistance: Best Upside Stocks
Receive Daily News & Ratings for Builders FirstSource – Enter your email for a daily summary of news and ratings on Builders FirstSource and similar companies with MarketBeat.com’s FREE daily email newsletter.
`
