Commonwealth Equity Services LLC Cuts Position in Builders FirstSource, Inc. (NYSE:BLDR)

Commonwealth Equity Services LLC trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,624 shares of the company’s stock after selling 174 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Builders FirstSource were worth $624,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BLDR. Benjamin Edwards Inc. purchased a new position in shares of Builders FirstSource in the 4th quarter worth about $28,000. Zions Bancorporation N.A. purchased a new position in shares of Builders FirstSource in the 1st quarter worth about $55,000. Fairfield Bush & CO. purchased a new position in shares of Builders FirstSource in the 1st quarter worth about $64,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Builders FirstSource in the 4th quarter worth about $65,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Builders FirstSource by 57.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,731 shares of the company’s stock worth $102,000 after purchasing an additional 632 shares during the period. 94.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Builders FirstSource news, insider Michael Alan Farmer sold 12,500 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $108.97, for a total value of $1,362,125.00. Following the completion of the sale, the insider now owns 62,122 shares of the company’s stock, valued at $6,769,434.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BLDR. StockNews.com began coverage on Builders FirstSource in a report on Thursday, May 18th. They set a “buy” rating on the stock. Zelman & Associates upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Royal Bank of Canada upgraded Builders FirstSource from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $78.00 to $135.00 in a report on Wednesday, May 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Builders FirstSource from $110.00 to $138.00 in a report on Friday, May 5th. Finally, B. Riley raised their target price on Builders FirstSource from $70.00 to $77.00 in a report on Wednesday, March 1st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $112.25.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $116.79 on Friday. The stock’s fifty day simple moving average is $105.29 and its 200-day simple moving average is $87.14. The company has a current ratio of 1.83, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. Builders FirstSource, Inc. has a 1-year low of $48.91 and a 1-year high of $122.99. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of 7.53 and a beta of 1.98.

Builders FirstSource (NYSE:BLDR – Get Rating) last issued its earnings results on Wednesday, May 3rd. The company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $1.33. Builders FirstSource had a return on equity of 55.42% and a net margin of 11.68%. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the company posted $3.90 earnings per share. The business’s quarterly revenue was down 31.6% compared to the same quarter last year. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 9.28 earnings per share for the current fiscal year.

Builders FirstSource Company Profile

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Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.