Axxcess Wealth Management LLC Has $6.55 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Axxcess Wealth Management LLC boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,804 shares of the company’s stock after purchasing an additional 599 shares during the period. Axxcess Wealth Management LLC’s holdings in Builders FirstSource were worth $6,547,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Tocqueville Asset Management L.P. raised its stake in Builders FirstSource by 42.0% in the 4th quarter. Tocqueville Asset Management L.P. now owns 122,930 shares of the company’s stock worth $17,570,000 after purchasing an additional 36,359 shares in the last quarter. Cibc World Markets Corp grew its holdings in shares of Builders FirstSource by 12.8% during the 4th quarter. Cibc World Markets Corp now owns 18,241 shares of the company’s stock valued at $2,607,000 after purchasing an additional 2,076 shares during the last quarter. Altus Wealth Group LLC grew its holdings in shares of Builders FirstSource by 7.1% during the 4th quarter. Altus Wealth Group LLC now owns 40,472 shares of the company’s stock valued at $5,785,000 after purchasing an additional 2,690 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after purchasing an additional 623,583 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Builders FirstSource by 4.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,364 shares of the company’s stock worth $2,196,000 after acquiring an additional 690 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 1.7 %

NYSE:BLDR opened at $128.32 on Tuesday. Builders FirstSource, Inc. has a twelve month low of $122.49 and a twelve month high of $214.70. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The stock has a fifty day simple moving average of $149.62 and a 200-day simple moving average of $167.16. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

BLDR has been the topic of a number of research reports. Stifel Nicolaus reduced their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Raymond James reiterated an “outperform” rating and set a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Barclays lowered their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Benchmark lowered their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Loop Capital reduced their price target on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $190.72.

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.