Stratos Wealth Partners LTD. Sells 3,327 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Stratos Wealth Partners LTD. lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,271 shares of the company's stock after selling 3,327 shares during the period. Stratos Wealth Partners LTD.'s holdings in Builders FirstSource were worth $5,184,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mountaineer Partners Management LLC bought a new position in shares of Builders FirstSource during the 3rd quarter valued at about $2,099,877,000. FMR LLC grew its position in Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company's stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares during the last quarter. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource during the third quarter worth approximately $267,132,000. Diamond Hill Capital Management Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $255,867,000. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Builders FirstSource by 256,479.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company's stock valued at $128,331,000 after purchasing an additional 661,718 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on BLDR. Royal Bank of Canada boosted their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. DA Davidson increased their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Barclays decreased their price target on Builders FirstSource from $211.00 to $188.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Robert W. Baird increased their price objective on Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Finally, Stephens lifted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $205.71.

Builders FirstSource Stock Up 1.8 %

Shares of BLDR stock traded up $2.73 during mid-day trading on Monday, reaching $156.66. 540,423 shares of the company's stock traded hands, compared to its average volume of 1,535,253. 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's 50-day moving average price is $159.36 and its 200-day moving average price is $171.47. The company has a market cap of $18.03 billion, a P/E ratio of 15.33, a P/E/G 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.

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.