Avion Wealth Buys 306 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Avion Wealth increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 728.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 348 shares of the company’s stock after purchasing an additional 306 shares during the period. Avion Wealth’s holdings in Builders FirstSource were worth $49,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cyndeo Wealth Partners LLC boosted its position in shares of Builders FirstSource by 3.7% during the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock worth $305,000 after acquiring an additional 56 shares during the last quarter. World Equity Group Inc. raised its stake in Builders FirstSource by 4.1% during the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after purchasing an additional 64 shares in the last quarter. HighTower Advisors LLC raised its stake in Builders FirstSource by 0.3% during the third 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 in the last quarter. Integrated Investment Consultants LLC raised its stake in Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after purchasing an additional 65 shares in the last quarter. Finally, TFB Advisors LLC raised its stake in Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BLDR shares. Raymond James started coverage on shares of Builders FirstSource in a research note on Friday, January 17th. They set an “outperform” rating and a $180.00 price target on the stock. Wedbush reissued an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 8th. UBS Group assumed coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 target price on the stock. Finally, Barclays reduced their target price on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $156.26 on Wednesday. The firm has a market capitalization of $17.98 billion, a P/E ratio of 15.26, a PEG ratio of 0.89 and a beta of 2.12. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average price of $158.22 and a 200 day moving average price of $171.37. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70.

Builders FirstSource Profile

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.