Premier Path Wealth Partners LLC Purchases Shares of 1,279 Builders FirstSource, Inc. (NYSE:BLDR)

Premier Path Wealth Partners LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,279 shares of the company’s stock, valued at approximately $267,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA lifted its position in Builders FirstSource by 30.7% during the 4th quarter. Private Trust Co. NA now owns 345 shares of the company’s stock worth $58,000 after buying an additional 81 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in Builders FirstSource by 10.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 915 shares of the company’s stock worth $114,000 after buying an additional 85 shares in the last quarter. Congress Wealth Management LLC DE boosted its position in Builders FirstSource by 1.4% in the 4th quarter. Congress Wealth Management LLC DE now owns 6,197 shares of the company’s stock valued at $1,035,000 after buying an additional 85 shares during the last quarter. Mezzasalma Advisors LLC increased its stake in shares of Builders FirstSource by 0.6% in the 3rd quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock valued at $1,832,000 after buying an additional 90 shares during the period. Finally, Quarry LP raised its position in shares of Builders FirstSource by 49.7% during the fourth quarter. Quarry LP now owns 280 shares of the company’s stock worth $47,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the topic of a number of recent research reports. Oppenheimer raised their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Wedbush reissued an “outperform” rating and issued a $215.00 target price (down previously from $225.00) on shares of Builders FirstSource in a research note on Tuesday, May 7th. Robert W. Baird reduced their target price on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, Truist Financial lowered their price target on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $196.27.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $1.84 during mid-day trading on Wednesday, reaching $166.10. 2,281,732 shares of the company traded hands, compared to its average volume of 1,447,109. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70. 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 $20.27 billion, a PE ratio of 14.22, a PEG ratio of 1.51 and a beta of 2.08. The company’s 50 day moving average price is $188.25 and its 200-day moving average price is $173.03.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period in the previous year, the firm earned $2.96 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, equities analysts expect that Builders FirstSource, Inc. will post 13.12 EPS for the current fiscal year.

Insider Transactions at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares of the company’s stock, valued at $5,747,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

About Builders FirstSource

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.