Atria Wealth Solutions Inc. Sells 6,624 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Atria Wealth Solutions Inc. cut its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 66.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,329 shares of the company's stock after selling 6,624 shares during the period. Atria Wealth Solutions Inc.'s holdings in Builders FirstSource were worth $476,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BLDR. Brooklyn Investment Group bought a new position in Builders FirstSource in the 3rd quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Builders FirstSource in the 4th quarter valued at $33,000. Reston Wealth Management LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at $39,000. Brown Brothers Harriman & Co. bought a new stake in Builders FirstSource during the 3rd quarter worth $46,000. Finally, Avion Wealth increased its holdings in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after purchasing an additional 306 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Down 3.2 %

BLDR traded down $4.42 during midday trading on Monday, hitting $134.57. The company had a trading volume of 816,481 shares, compared to its average volume of 1,681,336. The stock's 50 day moving average price is $152.82 and its 200 day moving average price is $170.17. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a market capitalization of $15.29 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 0.80 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 0.86.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts' consensus estimates of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of recent research reports. Truist Financial cut their price target on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Loop Capital cut their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. StockNews.com cut shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Raymond James reiterated an "outperform" rating and set a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Finally, Benchmark cut their target price on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and an average target price of $190.72.

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.