Entropy Technologies LP Sells 8,294 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Entropy Technologies LP decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 72.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,225 shares of the company's stock after selling 8,294 shares during the quarter. Entropy Technologies LP's holdings in Builders FirstSource were worth $461,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in shares of Builders FirstSource during the 3rd quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource in the 4th quarter valued at $33,000. Reston Wealth Management LLC acquired a new position in Builders FirstSource in the 3rd quarter valued at $39,000. Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource in the 3rd quarter valued at $46,000. Finally, Friedenthal Financial acquired a new position in Builders FirstSource in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Stephens raised their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Raymond James assumed coverage on shares of Builders FirstSource in a research note on Friday, January 17th. They issued an "outperform" rating and a $180.00 target price on the stock. Wedbush reiterated 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 reiterated a "buy" rating and issued a $175.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 8th. Finally, UBS Group began coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They issued a "buy" rating and a $232.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $205.71.

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded up $1.40 during midday trading on Friday, reaching $153.90. 1,468,590 shares of the company's stock were exchanged, compared to its average volume of 1,521,250. The company's 50 day simple moving average is $156.79 and its two-hundred day simple moving average is $171.00. The firm has a market capitalization of $17.71 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month 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 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.