Meeder Asset Management Inc. Reduces Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Meeder Asset Management Inc. lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 15.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,398 shares of the company’s stock after selling 3,997 shares during the quarter. Meeder Asset Management Inc.’s holdings in Builders FirstSource were worth $4,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Builders FirstSource by 15.7% in the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after acquiring an additional 1,985,297 shares during the period. Norges Bank bought a new position in Builders FirstSource in the fourth quarter worth approximately $212,209,000. Boston Partners raised its position in Builders FirstSource by 73.5% in the fourth quarter. Boston Partners now owns 1,366,784 shares of the company’s stock worth $227,464,000 after acquiring an additional 578,961 shares during the period. Hsbc Holdings PLC raised its position in Builders FirstSource by 152.9% in the fourth quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock worth $81,628,000 after acquiring an additional 295,643 shares during the period. Finally, Frontier Capital Management Co. LLC raised its position in Builders FirstSource by 34.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock worth $189,268,000 after acquiring an additional 292,966 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael Hiller sold 4,875 shares of Builders FirstSource 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 transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, 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 completion of the sale, the insider now owns 22,667 shares in the company, valued at approximately $3,855,883.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Hiller sold 4,875 shares of Builders FirstSource 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 sale, the insider now owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded up $0.44 on Monday, reaching $153.17. The company’s stock had a trading volume of 1,937,916 shares, compared to its average volume of 1,596,146. Builders FirstSource, Inc. has a 52-week low of $105.24 and a 52-week high of $214.70. The company has a market cap of $18.70 billion, a P/E ratio of 13.11, a PEG ratio of 2.46 and a beta of 2.04. The company has a 50-day simple moving average of $151.90 and a 200 day simple moving average of $174.03. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the company posted $2.96 EPS. The business’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 12.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent analyst reports. Truist Financial decreased their price objective on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Barclays decreased their price objective on shares of Builders FirstSource from $200.00 to $188.00 and set an “overweight” rating on the stock in a research report on Friday. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Finally, Bank of America decreased their price objective on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $191.67.

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.