On September 19, 2023, it was reported that BTC Capital Management Inc. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter. According to their Form 13F filing with the Securities and Exchange Commission, the institutional investor purchased 4,981 shares of the company’s stock at an estimated value of $823,000.
This acquisition by BTC Capital Management Inc. reflects their confidence in the potential growth and future prospects of Builders FirstSource, Inc. As an institutional investor, their purchase indicates a belief in the company’s ability to generate returns and deliver value to its shareholders.
In further developments relating to Builders FirstSource, it was revealed that EVP Timothy D. Johnson sold 5,000 shares of the business’s stock on August 7th in a transaction valued at approximately $758,450. Following this sale, the executive vice president now holds a total of 65,748 shares of the company’s stock worth $9,973,314.12. This transaction was disclosed through a filing with the Securities & Exchange Commission.
Additionally, insider Michael Hiller sold 5,965 shares of Builders FirstSource’s stock on August 14th at an average price of $147.91 per share. The total value of this transaction amounted to around $882,283.15. As a result of this sale, Hiller now owns 32,892 shares in the company with an estimated value of $4,865,055.72. The details regarding this transaction were documented through a filing with the Securities & Exchange Commission.
These recent transactions by key individuals within Builders FirstSource provide insights into their beliefs about the current market conditions and their personal financial strategies.
It is important for investors and stakeholders to stay informed about such developments as they may impact stock prices and overall market sentiment towards Builders FirstSource Inc.
Please note that all sources for this information, including the Securities & Exchange Commission filings, can be accessed through their respective websites.
Updated on: 28/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm||Rating|
Hedge Funds and Institutional Investors Show Interest in Builders FirstSource as Research Analysts Upgrade Stock Ratings
Builders FirstSource, a leading supplier of construction materials and services, has attracted significant attention from institutional investors and hedge funds. Wellington Management Group LLP recently increased its position in the company by 14.8% during the 1st quarter, bringing its total ownership to 11,277,012 shares valued at $727,819,000. Norges Bank also entered the scene with a new stake valued at $91,288,000 during the 4th quarter. Envestnet Asset Management Inc. saw a staggering increase of 1,106.4% in their position during the 1st quarter, now owning 844,518 shares worth $5,183,000.
Westfield Capital Management Co. LP followed suit by purchasing a new stake valued at $64,912,000 during the 1st quarter as well. Finally, Anomaly Capital Management LP grew its stake in Builders FirstSource by 123.6% during the 4th quarter and currently owns 1,310,751 shares valued at $85,042,000. Impressively enough, approximately 94.73% of the stock is now owned by hedge funds and other institutional investors.
Several research analysts have shared their views on Builders FirstSource in recent times. BMO Capital Markets raised their price target from $125.00 to $135.00 and gave the stock a “market perform” rating in an analysis note published on August 4th. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating just this Monday.
Royal Bank of Canada also weighed in on Builders FirstSource and increased their price target from $162.00 to an impressive $188.00 while giving it an “outperform” rating on August 3rd.Thursday.Also on that day on Thursday,August3rd stephens saw it wise to increase its price target as well on behalf of builders FirstSource with a increment from $130.00 to $175.00.Finally,Benchmark came to a consensus on Thursday,August,3rd that builders FirstSource was going places and decided to raise the target price from $153.00 to $220.00 giving it a”buy” rating.
Builders FirstSource currently has an average rating of “Moderate Buy” according to Bloomberg, with a consensus target price of $149.69.As for its shares, NYSE BLDR opened at $129.14 on September 19th,2023.It is important also tonote that the stock has a market capitalization of an impressive figure which is estimated as $16.15 billion alongsidea relative ration which stands at 10.00.thisthe betaofthe stock stands high as 2.02.Onbalance,The company boasts of a current ratio 1f(which presently stands at1,.15). Builders FirstSource boasts of a sound liquidity position adding up all shortterm steps already taken in by the company .Data which shows that Builders Firstsourcestandsseems capable itsdebt-toequityratio0 –f0.85,on’st betheratio,it means themoreequitybeingusedfinancingtheasset so in this caseitstandsout keeping builders firstsource comparedto not happening makingfindoutsbootstrapmoderateThe tradersfirst prize last which hailenthewardsignsquarteronAugusta signaled2023.-ingner construction materialsocket earningsda200ch drillingcot.prop gotitsreturnonyesterdayandoi thisasapproachesthelargesdecemengesquarterwhich betterORBAuarter.postedcomparinprofits7.convertpast.Thebuildersfirstopenannouncingfallsongbetter Thestock’scosthasarecorded.moving’Ahigh operatingmarginat10.downnew04% comparedyeartoillionquarter..builders AverageEPSbuyeroF13.18antinecompany.”