Spire Wealth Management Has $5.47 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Spire Wealth Management cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,290 shares of the company's stock after selling 2,305 shares during the quarter. Spire Wealth Management's holdings in Builders FirstSource were worth $5,473,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $28,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth $30,000. Reston Wealth Management LLC acquired a new stake in shares of Builders FirstSource in the 3rd quarter worth $39,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource during the fourth quarter worth $33,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Builders FirstSource during the 3rd quarter valued at approximately $46,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares of the company's stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BLDR. Royal Bank of Canada lifted their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. DA Davidson increased their price target on Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Jefferies Financial Group lifted their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Robert W. Baird boosted their target price on Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $175.00 price target on shares of Builders FirstSource in a research note on Wednesday, January 8th. Four 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 presently has an average rating of "Moderate Buy" and an average price target of $205.71.

Builders FirstSource Trading Down 0.1 %

BLDR stock traded down $0.11 during midday trading on Wednesday, reaching $163.33. The stock had a trading volume of 641,895 shares, compared to its average volume of 1,544,138. The business has a fifty day simple moving average of $160.96 and a two-hundred day simple moving average of $171.50. 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 firm has a market cap of $18.80 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 0.92 and a beta of 2.12. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the company earned $4.24 EPS. The firm's revenue was down 6.7% on a year-over-year basis. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.52 EPS 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.