Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by AMJ Financial Wealth Management

AMJ Financial Wealth Management reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 7.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,302 shares of the company’s stock after selling 324 shares during the period. AMJ Financial Wealth Management’s holdings in Builders FirstSource were worth $615,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mountain Lake Investment Management LLC raised its position in Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock valued at $5,201,000 after acquiring an additional 2,367 shares in the last quarter. Fiera Capital Corp purchased a new position in shares of Builders FirstSource during the 4th quarter valued at approximately $27,089,000. Lecap Asset Management Ltd. lifted its stake in shares of Builders FirstSource by 82.6% in the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after purchasing an additional 9,970 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of Builders FirstSource in the fourth quarter worth about $405,000. Finally, JPMorgan Chase & Co. raised its holdings in Builders FirstSource by 8.0% in the 3rd 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. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BLDR. Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Stifel Nicolaus lowered their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Barclays reduced their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Loop Capital lowered their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, BMO Capital Markets reduced their price objective 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. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $134.84 on Tuesday. The stock has a market cap of $15.32 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $152.82 and a 200-day simple moving average of $170.17. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. On average, analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current 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.