NBC Securities Inc. Has $156,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

NBC Securities Inc. raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 124,900.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,250 shares of the company’s stock after acquiring an additional 1,249 shares during the quarter. NBC Securities Inc.’s holdings in Builders FirstSource were worth $156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource in the 4th quarter valued at $34,000. Avion Wealth grew its position in shares of Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after acquiring an additional 306 shares during the period. Smartleaf Asset Management LLC grew its position in shares of 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 acquiring an additional 134 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Builders FirstSource in the 4th quarter valued at about $74,000. Finally, Financial Perspectives Inc bought a new position in shares of Builders FirstSource in the 4th quarter valued at about $76,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BLDR shares. Royal Bank of Canada reissued an “outperform” rating and issued a $132.00 price objective on shares of Builders FirstSource in a research report on Thursday, May 15th. Raymond James reissued an “outperform” rating and issued a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Barclays decreased their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Truist Financial reduced their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They set a “buy” rating and a $151.00 target price for the company. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and a consensus target price of $167.58.

Builders FirstSource Stock Performance

NYSE BLDR opened at $112.98 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $12.49 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.80 and a beta of 1.69. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14. The firm has a 50-day moving average price of $115.13 and a two-hundred day moving average price of $138.67.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.65 EPS. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Builders FirstSource

In other news, Director Paul S. Levy bought 283,517 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of $111.21 per share, for a total transaction of $31,529,925.57. Following the transaction, the director now owns 1,672,687 shares of the company’s stock, valued at $186,019,521.27. This represents a 20.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dirkson R. Charles bought 5,000 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $548,350. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 505,000 shares of company stock valued at $56,032,120 in the last quarter. Company insiders own 2.00% of the company’s stock.

Builders FirstSource 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.