Concurrent Investment Advisors LLC Invests $224,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Concurrent Investment Advisors LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,564 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLDR. Brooklyn Investment Group bought a new position in Builders FirstSource during the 3rd quarter valued at $28,000. Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter worth about $39,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at about $33,000. Brown Brothers Harriman & Co. bought a new position in shares of Builders FirstSource during the third quarter worth about $46,000. Finally, Avion Wealth lifted its position in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after purchasing an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $140.87 on Wednesday. The stock has a market capitalization of $16.21 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 0.80 and a beta of 2.12. The firm’s 50-day moving average price is $153.39 and its two-hundred day moving average price is $170.55. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Raymond James restated an “outperform” rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Loop Capital dropped their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday. Barclays reduced their price objective on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday. The Goldman Sachs Group lowered their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and an average target price of $190.72.

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.