New Wave Wealth Advisors LLC Has $346,000 Stake in Builders FirstSource, Inc. (NYSE:BLDR)

New Wave Wealth Advisors LLC trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,418 shares of the company’s stock after selling 82 shares during the period. New Wave Wealth Advisors LLC’s holdings in Builders FirstSource were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BLDR. Miracle Mile Advisors LLC bought a new position in Builders FirstSource during the fourth quarter worth $405,000. JPMorgan Chase & Co. boosted its position in Builders FirstSource by 8.0% during the third 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 during the period. Oak Thistle LLC bought a new position in Builders FirstSource during the fourth quarter worth $1,136,000. Forsta AP Fonden boosted its position in Builders FirstSource by 12.1% during the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock worth $5,195,000 after purchasing an additional 2,900 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Builders FirstSource by 38.5% during 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. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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 in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BLDR. Raymond James began coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They set an “outperform” rating and a $180.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Stephens boosted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price for the company. Finally, Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Four 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Stock Up 2.5 %

Shares of NYSE BLDR opened at $172.81 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The company has a market cap of $19.89 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 0.92 and a beta of 2.11. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The stock has a 50-day moving average price of $162.15 and a two-hundred day moving average price of $171.20.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data 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). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the company earned $4.24 EPS. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. As a group, analysts forecast that Builders FirstSource, Inc. will post 11.52 earnings per share for the current fiscal 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.