Builders FirstSource, Inc. (NYSE:BLDR) Stake Cut by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,271 shares of the company’s stock after selling 3,327 shares during the period. Stratos Wealth Partners LTD.’s holdings in Builders FirstSource were worth $5,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BLDR. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $28,000. Armstrong Advisory Group Inc. bought a new position in shares of Builders FirstSource during the third quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource during the 4th quarter worth approximately $33,000. Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $39,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource during the 3rd quarter valued at approximately $46,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BLDR has been the topic of several analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Stifel Nicolaus restated a “buy” rating and issued a $175.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 8th. Robert W. Baird lifted their price target on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays decreased their price objective on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Four investment 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. According to MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and an average price target of $205.71.

Builders FirstSource Stock Performance

Shares of BLDR opened at $159.55 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The firm’s 50 day moving average is $160.01 and its 200-day moving average is $171.35. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The stock has a market capitalization of $18.36 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.92 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (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 net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.24 EPS. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.52 EPS for the current fiscal year.

Builders FirstSource Company 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.