Clarity Capital Partners LLC Reduces Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Clarity Capital Partners LLC decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.8% during the fourth quarter, HoldingsChannel reports. The fund owned 6,889 shares of the company’s stock after selling 344 shares during the quarter. Clarity Capital Partners LLC’s holdings in Builders FirstSource were worth $985,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Builders FirstSource in the fourth quarter worth $33,000. Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource during the third quarter worth $39,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource during the third quarter valued at $46,000. Finally, Avion Wealth grew its holdings in shares of Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after purchasing an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BLDR shares. Raymond James assumed coverage on shares of Builders FirstSource in a report on Friday, January 17th. They set an “outperform” rating and a $180.00 price objective for the company. UBS Group assumed coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 price target for the company. Robert W. Baird increased their price objective on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada increased their price target on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Four 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.71.

Builders FirstSource Price Performance

NYSE BLDR opened at $150.88 on Thursday. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The firm’s fifty day simple moving average is $157.69 and its two-hundred day simple moving average is $171.23. 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 firm has a market capitalization of $17.36 billion, a P/E ratio of 14.73, a P/E/G ratio of 0.89 and a beta of 2.12.

Builders FirstSource 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.