Clarity Capital Partners LLC Sells 344 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Clarity Capital Partners LLC cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,889 shares of the company’s stock after selling 344 shares during the period. Clarity Capital Partners LLC’s holdings in Builders FirstSource were worth $985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cyndeo Wealth Partners LLC grew its position in Builders FirstSource by 3.7% during the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock valued at $305,000 after buying an additional 56 shares during the period. World Equity Group Inc. grew its position in shares of Builders FirstSource by 4.1% during the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after acquiring an additional 64 shares during the period. HighTower Advisors LLC increased its stake in shares of Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after purchasing an additional 64 shares in the last quarter. Integrated Investment Consultants LLC raised its holdings in Builders FirstSource by 0.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after purchasing an additional 65 shares during the period. Finally, TFB Advisors LLC lifted its position in Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after purchasing an additional 79 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $150.88 on Thursday. The firm has a fifty day simple moving average of $157.69 and a two-hundred day simple moving average of $171.23. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $17.36 billion, a P/E ratio of 14.73, a PEG ratio of 0.89 and a beta of 2.12. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70.

Analyst Ratings Changes

A number of analysts have commented on BLDR shares. Raymond James assumed coverage on Builders FirstSource in a research report on Friday, January 17th. They issued an “outperform” rating and a $180.00 price target for the company. Royal Bank of Canada increased their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. DA Davidson lifted their price target 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. Barclays reduced their price objective on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, Robert W. Baird upped their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and an average price target of $205.71.

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.