Builders FirstSource, Inc. (NYSE:BLDR) is Artemis Investment Management LLP’s 7th Largest Position

Artemis Investment Management LLP lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 7.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 768,421 shares of the company’s stock after selling 62,340 shares during the quarter. Builders FirstSource makes up approximately 2.0% of Artemis Investment Management LLP’s holdings, making the stock its 7th biggest position. Artemis Investment Management LLP owned about 0.63% of Builders FirstSource worth $160,188,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Transform Wealth LLC raised its holdings in shares of Builders FirstSource by 16.1% during the 1st quarter. Transform Wealth LLC now owns 38,264 shares of the company’s stock valued at $7,980,000 after purchasing an additional 5,301 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Builders FirstSource by 162.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 58,726 shares of the company’s stock valued at $12,247,000 after buying an additional 36,330 shares in the last quarter. Atlas Capital Advisors LLC lifted its position in shares of Builders FirstSource by 2.1% in the first quarter. Atlas Capital Advisors LLC now owns 9,072 shares of the company’s stock worth $1,892,000 after buying an additional 183 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Builders FirstSource during the 1st quarter worth about $251,000. Finally, Gateway Investment Advisers LLC bought a new position in shares of Builders FirstSource in the 1st quarter valued at approximately $334,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Michael Hiller sold 4,875 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Michael Hiller sold 4,875 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BLDR. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Thursday. Barclays decreased their price objective on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. DA Davidson reiterated a “neutral” rating and issued a $185.00 target price on shares of Builders FirstSource in a report on Thursday, March 28th. Truist Financial decreased their price target on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Finally, Wedbush dropped their price objective on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating on the stock in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.47.

Builders FirstSource Stock Performance

Shares of BLDR traded up $0.55 on Friday, reaching $138.41. 3,207,592 shares of the stock traded hands, compared to its average volume of 1,580,612. The stock’s 50-day moving average price is $163.40 and its 200-day moving average price is $175.86. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.45. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 2.20 and a beta of 2.08. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.23. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.96 EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 12.93 EPS for the current fiscal year.

Builders FirstSource Company 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.