Freedom Investment Management Inc. Sells 1,766 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Freedom Investment Management Inc. cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 25.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,312 shares of the company’s stock after selling 1,766 shares during the quarter. Freedom Investment Management Inc.’s holdings in Builders FirstSource were worth $759,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BLDR. Smartleaf Asset Management LLC raised 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 worth $74,000 after purchasing an additional 134 shares during the last quarter. Mountain Lake Investment Management LLC raised its holdings in Builders FirstSource by 7.0% in the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock worth $5,201,000 after buying an additional 2,367 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Builders FirstSource by 14.9% in the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock worth $28,084,000 after buying an additional 25,535 shares in the last quarter. Fiera Capital Corp purchased a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $27,089,000. Finally, Lecap Asset Management Ltd. increased its position in shares of Builders FirstSource by 82.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after acquiring an additional 9,970 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Up 3.4 %

Shares of NYSE:BLDR opened at $116.94 on Friday. Builders FirstSource, Inc. has a 12-month low of $110.84 and a 12-month high of $203.14. The company has a market cap of $13.30 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The stock has a 50 day moving average of $130.56 and a 200 day moving average of $156.43. 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 (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BLDR. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Benchmark decreased their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Barclays dropped their price target on shares of Builders FirstSource from $165.00 to $151.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group decreased their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $186.84.

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.