Sowell Financial Services LLC Acquires Shares of 8,100 Builders FirstSource, Inc. (NYSE:BLDR)

Sowell Financial Services LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,100 shares of the company's stock, valued at approximately $1,012,000.

A number of other large investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after purchasing an additional 134 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Builders FirstSource by 14.9% during the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after buying an additional 25,535 shares during the period. Benjamin Edwards Inc. boosted its position in Builders FirstSource by 36.1% during the fourth quarter. Benjamin Edwards Inc. now owns 11,188 shares of the company's stock worth $1,599,000 after acquiring an additional 2,967 shares during the last quarter. Capital Investment Advisors LLC grew its stake in Builders FirstSource by 22.8% in the 1st quarter. Capital Investment Advisors LLC now owns 12,882 shares of the company's stock worth $1,609,000 after acquiring an additional 2,390 shares during the period. Finally, LPL Financial LLC raised its holdings in Builders FirstSource by 12.6% in the 4th quarter. LPL Financial LLC now owns 287,571 shares of the company's stock valued at $41,103,000 after acquiring an additional 32,121 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BLDR. Barclays decreased their price objective on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group decreased their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. BMO Capital Markets lowered their price target on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a report on Monday, May 5th. Truist Financial cut their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Raymond James Financial reissued an "outperform" rating and issued a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $167.58.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of Builders FirstSource stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $548,350. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul S. Levy purchased 283,517 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the transaction, the director now directly owns 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. This represents a 20.41% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 505,000 shares of company stock valued at $56,032,120. Corporate insiders own 2.00% of the company's stock.

Builders FirstSource Stock Down 1.2%

Shares of NYSE BLDR traded down $1.29 on Thursday, hitting $106.69. The company had a trading volume of 3,099,594 shares, compared to its average volume of 1,685,293. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14. The firm has a market capitalization of $11.79 billion, a P/E ratio of 13.68, a PEG ratio of 6.88 and a beta of 1.69. The business has a 50 day moving average of $114.02 and a two-hundred day moving average of $135.75.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. Builders FirstSource's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.65 EPS. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has authorized a stock buyback program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

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.