Prairiewood Capital LLC Sells 1,501 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Prairiewood Capital LLC decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 28.5% during the fourth quarter, HoldingsChannel reports. The fund owned 3,769 shares of the company’s stock after selling 1,501 shares during the quarter. Prairiewood Capital LLC’s holdings in Builders FirstSource were worth $539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Miracle Mile Advisors LLC purchased a new stake in shares of Builders FirstSource in the fourth quarter worth about $405,000. JPMorgan Chase & Co. lifted its stake in Builders FirstSource by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after purchasing an additional 58,436 shares in the last quarter. Oak Thistle LLC bought a new position in Builders FirstSource in the 4th quarter valued at $1,136,000. Forsta AP Fonden grew its position in shares of 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 in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Builders FirstSource by 38.5% in the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock worth $39,025,000 after purchasing an additional 56,009 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BLDR shares. UBS Group assumed coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company. Barclays decreased their price objective 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. Wedbush reissued an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. DA Davidson raised their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Raymond James began coverage on shares of Builders FirstSource in a report on Friday. They set an “outperform” rating and a $180.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and an average target price of $205.71.

Builders FirstSource Trading Up 2.1 %

NYSE:BLDR opened at $164.09 on Tuesday. The firm has a market capitalization of $18.88 billion, a P/E ratio of 16.02, a P/E/G ratio of 0.75 and a beta of 2.11. 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 company has a fifty day moving average of $163.60 and a 200 day moving average of $170.00. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the company posted $4.24 earnings per share. On average, research analysts predict that Builders FirstSource, Inc. will post 11.55 earnings per share for the current year.

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.