Clio Asset Management LLC Trims Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Clio Asset Management LLC trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,922 shares of the company’s stock after selling 624 shares during the period. Builders FirstSource accounts for 2.7% of Clio Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. Clio Asset Management LLC’s holdings in Builders FirstSource were worth $3,705,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in Builders FirstSource during the third quarter valued at $28,000. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $30,000. Reston Wealth Management LLC purchased a new position in shares of Builders FirstSource during the third quarter worth about $39,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Builders FirstSource in the fourth quarter worth approximately $33,000. Finally, Brown Brothers Harriman & Co. purchased a new position in Builders FirstSource in the 3rd quarter worth approximately $46,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $166.76 on Monday. The company has a market cap of $19.19 billion, a PE ratio of 16.29, a P/E/G ratio of 0.90 and a beta of 2.11. The business has a 50 day moving average of $162.62 and a 200 day moving average of $170.90. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

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 company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.24 earnings per share. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 11.53 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. Wedbush reissued an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Raymond James began coverage on Builders FirstSource in a research note on Friday, January 17th. They issued an “outperform” rating and a $180.00 target price for the company. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group assumed coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 price target for the company. Four investment analysts have rated the stock with a hold rating, fourteen have issued 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 a consensus 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.