Crown Advisors Management Inc. lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the company's stock after selling 10,000 shares during the quarter. Builders FirstSource accounts for 2.8% of Crown Advisors Management Inc.'s investment portfolio, making the stock its 14th largest holding. Crown Advisors Management Inc.'s holdings in Builders FirstSource were worth $4,287,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Vinva Investment Management Ltd boosted its stake in shares of Builders FirstSource by 495.3% in the 4th quarter. Vinva Investment Management Ltd now owns 50,956 shares of the company's stock worth $7,306,000 after buying an additional 42,397 shares during the last quarter. Bank of Marin bought a new stake in Builders FirstSource during the fourth quarter worth $212,000. Horizon Investments LLC boosted its position in Builders FirstSource by 7.9% in the fourth quarter. Horizon Investments LLC now owns 2,091 shares of the company's stock worth $299,000 after purchasing an additional 153 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in Builders FirstSource by 1.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 45,804 shares of the company's stock valued at $6,547,000 after purchasing an additional 599 shares during the period. Finally, Tocqueville Asset Management L.P. increased its position in shares of Builders FirstSource by 42.0% during the 4th quarter. Tocqueville Asset Management L.P. now owns 122,930 shares of the company's stock valued at $17,570,000 after purchasing an additional 36,359 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Barclays cut their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Raymond James reissued an "outperform" rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Wedbush reaffirmed an "outperform" rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. The Goldman Sachs Group reduced their price objective on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, Loop Capital decreased their price objective on Builders FirstSource from $205.00 to $190.00 and set a "buy" rating for the company in a report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $190.72.
Read Our Latest Analysis on BLDR
Builders FirstSource Price Performance
Shares of BLDR traded down $2.34 during trading hours on Friday, reaching $126.42. 4,153,240 shares of the company's stock traded hands, compared to its average volume of 1,599,652. Builders FirstSource, Inc. has a 12 month low of $122.49 and a 12 month high of $212.24. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock has a market cap of $14.36 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The firm's 50 day simple moving average is $148.43 and its 200-day simple moving average is $165.93.
Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.
About Builders FirstSource
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Free Report)
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.
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