Builders FirstSource, Inc. $BLDR Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 232.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 21,593 shares of the company’s stock after buying an additional 15,092 shares during the period. Janney Montgomery Scott LLC’s holdings in Builders FirstSource were worth $1,778,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BLDR. Cromwell Holdings LLC boosted its stake in shares of Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after acquiring an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in Builders FirstSource during the 2nd quarter worth $38,000. CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth $38,000. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on BLDR. Benchmark reduced their target price on shares of Builders FirstSource from $138.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Robert W. Baird dropped their price objective on shares of Builders FirstSource from $125.00 to $95.00 in a research note on Friday, May 1st. Truist Financial cut their price objective on shares of Builders FirstSource from $145.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, April 30th. BMO Capital Markets decreased their target price on shares of Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating on the stock in a research note on Monday, May 4th. Finally, Raymond James Financial lowered their target price on Builders FirstSource from $140.00 to $100.00 in a report on Friday, May 1st. Eight analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $101.88.

Builders FirstSource Stock Up 0.4%

NYSE BLDR opened at $74.53 on Friday. The business’s fifty day simple moving average is $77.67 and its 200-day simple moving average is $93.56. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. The firm has a market cap of $8.02 billion, a PE ratio of 28.56, a P/E/G ratio of 1.76 and a beta of 1.42. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the company posted $1.51 EPS. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 4.32 earnings per share for the current year.

Builders FirstSource announced that its board has approved a stock buyback plan on Thursday, April 30th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.