Stratos Wealth Partners LTD. Lowers Position in Builders FirstSource, Inc. $BLDR

Stratos Wealth Partners LTD. lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 49.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,448 shares of the company’s stock after selling 21,759 shares during the period. Stratos Wealth Partners LTD.’s holdings in Builders FirstSource were worth $2,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BLDR. Cromwell Holdings LLC raised its position in shares of Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after buying an additional 225 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Builders FirstSource during the third quarter valued at about $34,000. CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource during the second quarter valued at about $38,000. Finally, MUFG Securities EMEA plc purchased a new stake in Builders FirstSource during the second quarter valued at about $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Activity

In related news, Director Paul S. Levy acquired 50,000 shares of Builders FirstSource stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the completion of the purchase, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BLDR. UBS Group lowered their price target on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Jefferies Financial Group lowered their price target on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. William Blair began coverage on Builders FirstSource in a research report on Thursday, February 26th. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus lowered their price target on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, March 16th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $126.65.

Builders FirstSource Stock Down 3.9%

Shares of NYSE:BLDR opened at $78.85 on Wednesday. The stock’s 50-day moving average price is $99.98 and its 200-day moving average price is $109.18. Builders FirstSource, Inc. has a 12-month low of $76.50 and a 12-month high of $151.03. The stock has a market capitalization of $8.72 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.63. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period last year, the business posted $2.31 earnings per share. The firm’s quarterly revenue was down 12.1% compared to the same quarter last year. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.