88,331 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 88,331 shares of the company's stock, valued at approximately $12,625,000. Strategic Financial Concepts LLC owned 0.08% of Builders FirstSource at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in Builders FirstSource during the third quarter worth about $28,000. Reston Wealth Management LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $39,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource in the 4th quarter worth approximately $33,000. Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $46,000. Finally, Friedenthal Financial acquired a new stake in Builders FirstSource during the third quarter valued at approximately $50,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Down 2.4 %

NYSE BLDR traded down $3.62 during trading on Wednesday, reaching $144.33. The company's stock had a trading volume of 2,626,538 shares, compared to its average volume of 1,564,417. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $16.61 billion, a PE ratio of 14.09, a PEG ratio of 0.85 and a beta of 2.12. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The business has a 50-day moving average price of $155.31 and a 200-day moving average price of $170.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BLDR shares. UBS Group began coverage on Builders FirstSource in a research report on Friday, October 25th. They set a "buy" rating and a $232.00 price objective for the company. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Stifel Nicolaus reaffirmed a "buy" rating and set a $175.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 8th. Raymond James assumed coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They issued an "outperform" rating and a $180.00 target price on the stock. Finally, Royal Bank of Canada raised their price objective 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. Four research 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's stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and an average target price of $205.71.

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.