Verdence Capital Advisors LLC Lowers Position in Builders FirstSource, Inc. (NYSE:BLDR)

Verdence Capital Advisors LLC cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,050 shares of the company’s stock after selling 317 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Builders FirstSource were worth $1,151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. US Bancorp DE boosted its position in shares of Builders FirstSource by 32.8% in the 3rd quarter. US Bancorp DE now owns 15,825 shares of the company’s stock worth $3,068,000 after purchasing an additional 3,911 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Builders FirstSource by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 20,676 shares of the company’s stock worth $3,706,000 after purchasing an additional 2,050 shares in the last quarter. National Pension Service boosted its position in shares of Builders FirstSource by 2.3% in the 3rd quarter. National Pension Service now owns 194,599 shares of the company’s stock worth $37,725,000 after purchasing an additional 4,399 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Builders FirstSource by 15.6% in the 3rd quarter. QRG Capital Management Inc. now owns 20,429 shares of the company’s stock worth $3,960,000 after purchasing an additional 2,752 shares in the last quarter. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $1,043,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of BLDR opened at $133.92 on Thursday. The firm has a market cap of $15.22 billion, a PE ratio of 14.78, a P/E/G ratio of 0.80 and a beta of 2.12. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm has a fifty day simple moving average of $152.17 and a two-hundred day simple moving average of $169.74. Builders FirstSource, Inc. has a 1-year low of $127.45 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of analyst reports. Loop Capital dropped their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Barclays dropped their price target on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, BMO Capital Markets decreased their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $190.72.

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.