Financial Enhancement Group LLC Sells 1,324 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Financial Enhancement Group LLC trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 26.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,745 shares of the company’s stock after selling 1,324 shares during the period. Financial Enhancement Group LLC’s holdings in Builders FirstSource were worth $549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mountaineer Partners Management LLC bought a new stake in Builders FirstSource during the 3rd quarter valued at approximately $2,099,877,000. FMR LLC boosted its position in shares of Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after acquiring an additional 277,897 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Builders FirstSource in the third quarter worth $267,132,000. Finally, Diamond Hill Capital Management Inc. acquired a new position in Builders FirstSource during the 3rd quarter valued at $255,867,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $161.37 on Thursday. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.75 and a beta of 2.11. The firm’s 50-day moving average price is $164.64 and its two-hundred day moving average price is $169.15. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. 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 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 return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the company earned $4.24 earnings per share. The firm’s revenue was down 6.7% on a year-over-year basis. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the company’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 in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on BLDR shares. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price target on shares of Builders FirstSource in a research report on Wednesday, January 8th. DA Davidson lifted their target price on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Wedbush reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. UBS Group started coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective on the stock. Finally, Oppenheimer restated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.75.

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.