Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC reduced its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 4.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,892 shares of the company’s stock after selling 237 shares during the quarter. WealthTrust Asset Management LLC’s holdings in Builders FirstSource were worth $699,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. HighTower Advisors LLC raised its holdings in Builders FirstSource by 0.3% during the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after purchasing an additional 64 shares during the last quarter. Integrated Investment Consultants LLC raised its holdings in Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after purchasing an additional 65 shares during the last quarter. TFB Advisors LLC raised its holdings in Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after purchasing an additional 79 shares during the last quarter. Private Trust Co. NA raised its holdings in Builders FirstSource by 14.6% during the third quarter. Private Trust Co. NA now owns 642 shares of the company’s stock worth $124,000 after purchasing an additional 82 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Builders FirstSource by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company’s stock worth $548,000 after buying an additional 92 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 2.8 %

Shares of BLDR opened at $126.20 on Friday. The company has a market capitalization of $14.34 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a one year low of $122.49 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a 50-day moving average price of $149.97 and a 200 day moving average price of $167.51.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Loop Capital cut their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. Truist Financial dropped their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. BMO Capital Markets dropped their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research note on Monday, February 24th. Finally, Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.