Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 21.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 35,753 shares of the company’s stock after selling 9,641 shares during the period. Empowered Funds LLC’s holdings in Builders FirstSource were worth $5,110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLDR. Cyndeo Wealth Partners LLC increased its position in Builders FirstSource by 3.7% during the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock worth $305,000 after purchasing an additional 56 shares during the last quarter. World Equity Group Inc. grew its stake in shares of Builders FirstSource by 4.1% in the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after buying an additional 64 shares during the period. HighTower Advisors LLC increased its holdings in shares of 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 buying an additional 64 shares during the last quarter. Integrated Investment Consultants LLC raised its position in shares of Builders FirstSource by 0.4% during the 4th 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. Finally, Private Trust Co. NA lifted its holdings in Builders FirstSource by 14.6% in the third quarter. Private Trust Co. NA now owns 642 shares of the company’s stock valued at $124,000 after acquiring an additional 82 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BLDR has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Royal Bank of Canada boosted their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. DA Davidson boosted their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, UBS Group began coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and an average price target of $205.71.

Builders FirstSource Stock Up 0.3 %

BLDR stock opened at $156.26 on Wednesday. The company’s 50 day moving average price is $158.22 and its 200 day moving average price is $171.37. The firm has a market capitalization of $17.98 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.89 and a beta of 2.12. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

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.