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

Strategic Investment Advisors MI cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BLDR. Miracle Mile Advisors LLC acquired a new position in Builders FirstSource during the 4th quarter valued at about $405,000. JPMorgan Chase & Co. boosted its stake in Builders FirstSource by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock valued at $153,766,000 after purchasing an additional 58,436 shares during the period. Oak Thistle LLC acquired a new position in Builders FirstSource during the 4th quarter valued at about $1,136,000. Forsta AP Fonden boosted its stake in Builders FirstSource by 12.1% during the 3rd quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after purchasing an additional 2,900 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Builders FirstSource by 38.5% during the 3rd quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock valued at $39,025,000 after purchasing an additional 56,009 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $166.76 on Monday. The firm’s 50 day simple moving average is $162.62 and its 200-day simple moving average is $170.90. The company has a market cap of $19.19 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 0.90 and a beta of 2.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data 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 company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm posted $4.24 earnings per share. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 11.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on BLDR shares. DA Davidson boosted their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Raymond James started coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They set an “outperform” rating and a $180.00 price target on the stock. Oppenheimer restated an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Wedbush restated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, Barclays dropped their price target on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by insiders.

Builders FirstSource 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.