Artemis Investment Management LLP lowered its position in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) 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
Read Our Latest Report on BLDR
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 – Get Free Report) 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.
Read More
- Five stocks we like better than Builders FirstSource
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Qualcomm Stock: AI-Powered Growth Despite Volatility
- What are earnings reports?
- Salesforce Stock: Meeting Recap, AI Focus, and Forecast
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Is CAVA Overextended? A Closer Look at This High-Flying Stock
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.