Essex Investment Management Co. LLC Cuts Position in Builders FirstSource, Inc. (NYSE:BLDR)

Essex Investment Management Co. LLC trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,535 shares of the company's stock after selling 2,076 shares during the quarter. Essex Investment Management Co. LLC's holdings in Builders FirstSource were worth $1,935,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. HighTower Advisors LLC grew its holdings in Builders FirstSource by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company's stock worth $4,296,000 after acquiring an additional 64 shares in the last quarter. Integrated Investment Consultants LLC increased its holdings in Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company's stock valued at $2,145,000 after buying an additional 65 shares during the period. TFB Advisors LLC lifted its holdings in Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock worth $546,000 after buying an additional 79 shares during the period. Private Trust Co. NA boosted its position in Builders FirstSource by 14.6% during the 3rd quarter. Private Trust Co. NA now owns 642 shares of the company's stock valued at $124,000 after acquiring an additional 82 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Builders FirstSource by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company's stock worth $548,000 after acquiring an additional 92 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have issued reports on BLDR shares. BMO Capital Markets cut their target price on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a research note on Monday, February 24th. Raymond James reissued an "outperform" rating and set a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. StockNews.com lowered shares of Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Benchmark decreased their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, Loop Capital decreased their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Five equities research 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $190.72.

Builders FirstSource Trading Up 0.9 %

Builders FirstSource stock traded up $1.24 during trading on Monday, reaching $135.75. 1,865,026 shares of the company were exchanged, compared to its average volume of 1,582,558. Builders FirstSource, Inc. has a 52-week low of $127.45 and a 52-week high of $214.70. The company has a market capitalization of $15.42 billion, a P/E ratio of 14.98, a PEG ratio of 0.80 and a beta of 2.19. The stock's 50 day simple moving average is $151.38 and its two-hundred day simple moving average is $169.08. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

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, topping analysts' consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource Company 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.