Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Strategic Investment Advisors MI

Strategic Investment Advisors MI lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,414 shares of the company’s stock after selling 334 shares during the period. Strategic Investment Advisors MI’s holdings in Builders FirstSource were worth $2,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Public Sector Pension Investment Board boosted its stake in Builders FirstSource by 69.7% in the second quarter. Public Sector Pension Investment Board now owns 4,730 shares of the company’s stock valued at $655,000 after acquiring an additional 1,943 shares in the last quarter. AXA S.A. boosted its stake in Builders FirstSource by 3.1% in the second quarter. AXA S.A. now owns 51,478 shares of the company’s stock valued at $7,125,000 after acquiring an additional 1,562 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Builders FirstSource by 61.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 395 shares of the company’s stock valued at $55,000 after acquiring an additional 150 shares in the last quarter. Invst LLC raised its holdings in shares of Builders FirstSource by 6.6% in the second quarter. Invst LLC now owns 5,606 shares of the company’s stock valued at $751,000 after buying an additional 347 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Builders FirstSource in the second quarter valued at about $383,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BLDR shares. DA Davidson upped their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 target price on shares of Builders FirstSource in a report on Wednesday, January 8th. Finally, Wedbush reissued an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $166.76 on Monday. The company’s fifty day simple moving average is $162.62 and its 200-day simple moving average is $170.90. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The company has a market cap of $19.19 billion, a PE ratio of 16.29, a P/E/G ratio of 0.90 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the business posted $4.24 EPS. The business’s revenue was down 6.7% on a year-over-year basis. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.53 EPS for the current year.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

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.