Axxcess Wealth Management LLC Grows Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Axxcess Wealth Management LLC grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 45,804 shares of the company’s stock after acquiring an additional 599 shares during the period. Axxcess Wealth Management LLC’s holdings in Builders FirstSource were worth $6,547,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $33,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $46,000. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $34,000. 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 valued at $49,000 after purchasing an additional 306 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLDR has been the subject of a number of research reports. Barclays dropped their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Stifel Nicolaus dropped their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. Benchmark dropped their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Royal Bank of Canada lowered their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Finally, Raymond James reiterated an “outperform” rating and set a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Trading Up 1.7 %

Shares of NYSE:BLDR opened at $128.32 on Tuesday. The stock has a market capitalization of $14.58 billion, a PE ratio of 14.16, a P/E/G ratio of 0.80 and a beta of 2.19. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 1 year low of $122.49 and a 1 year high of $214.70. The firm has a fifty day moving average price of $149.62 and a 200 day moving average price of $167.16.

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

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.