Congress Wealth Management LLC DE Has $1.37 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Congress Wealth Management LLC DE reduced its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 20.6% during the 4th quarter, HoldingsChannel reports. The firm owned 9,553 shares of the company’s stock after selling 2,475 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Builders FirstSource were worth $1,365,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. HighTower Advisors LLC boosted its holdings in Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after purchasing an additional 64 shares during the period. Integrated Investment Consultants LLC lifted its stake in shares of Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after buying an additional 65 shares during the period. TFB Advisors LLC grew its position 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 buying an additional 79 shares in the last quarter. Private Trust Co. NA increased its stake in Builders FirstSource by 14.6% during the third quarter. Private Trust Co. NA now owns 642 shares of the company’s stock valued at $124,000 after acquiring an additional 82 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in Builders FirstSource by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company’s stock valued at $548,000 after acquiring an additional 92 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $128.17 on Friday. The stock’s fifty day moving average is $146.37 and its 200-day moving average is $164.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a 52 week low of $122.49 and a 52 week high of $211.12. The stock has a market capitalization of $14.56 billion, a PE ratio of 14.15, a PEG ratio of 0.80 and a beta of 2.19.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Benchmark decreased their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Barclays lowered their price target 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. Royal Bank of Canada reduced their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group lowered their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.