Sanctuary Advisors LLC Trims Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Sanctuary Advisors LLC trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,148 shares of the company’s stock after selling 375 shares during the quarter. Sanctuary Advisors LLC’s holdings in Builders FirstSource were worth $3,594,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mountain Lake Investment Management LLC lifted its holdings in Builders FirstSource by 7.0% in 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 during the last quarter. Fiera Capital Corp purchased a new stake in Builders FirstSource in the fourth quarter valued at $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 last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Builders FirstSource during the 4th quarter worth $405,000. Finally, JPMorgan Chase & Co. increased its position in shares of Builders FirstSource by 8.0% during 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 last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 5.0 %

BLDR stock opened at $137.14 on Friday. The company’s 50 day moving average price is $154.21 and its 200 day moving average price is $170.52. The firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 0.81 and a beta of 2.12. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.5 EPS for the current fiscal year.

Analysts Set New Price Targets

BLDR has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased 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 report on Friday. Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Raymond James reaffirmed an “outperform” rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday. Oppenheimer reissued an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, Barclays lowered their price target on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price of $196.88.

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.