Empirical Financial Services LLC d.b.a. Empirical Wealth Management Reduces Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,287 shares of the company’s stock after selling 2,014 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Builders FirstSource were worth $12,476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource in the third quarter worth $28,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $30,000. Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $39,000. Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource during the third quarter worth about $46,000. Finally, Mather Group LLC. increased its position in shares of Builders FirstSource by 340.7% in the third quarter. Mather Group LLC. now owns 260 shares of the company’s stock worth $50,000 after purchasing an additional 201 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the sale, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented 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. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Stephens boosted their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Raymond James started coverage on shares of Builders FirstSource in a research note on Friday, January 17th. They set an “outperform” rating and a $180.00 price target on the stock. Finally, Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Stock Down 0.8 %

Shares of Builders FirstSource stock opened at $166.76 on Monday. The company’s fifty day simple moving average is $162.62 and its two-hundred day simple moving average is $170.90. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. 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 company has a market cap of $19.19 billion, a P/E ratio of 16.29, a PEG ratio of 0.90 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business earned $4.24 earnings per share. Research analysts anticipate that Builders FirstSource, Inc. will post 11.53 EPS for the current year.

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.