Cyndeo Wealth Partners LLC Increases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Cyndeo Wealth Partners LLC increased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,690 shares of the company’s stock after purchasing an additional 119 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Builders FirstSource were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Equity Group Inc. boosted its holdings in Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after acquiring an additional 64 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after acquiring an additional 64 shares during the last quarter. Integrated Investment Consultants LLC boosted its holdings in Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after acquiring an additional 65 shares during the last quarter. Private Trust Co. NA boosted 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. Finally, Centaurus Financial Inc. boosted its holdings in Builders FirstSource by 9.1% in the second quarter. Centaurus Financial Inc. now owns 991 shares of the company’s stock valued at $137,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $166.76 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The business has a fifty day simple moving average of $162.62 and a 200 day simple moving average of $170.90. The firm has a market cap of $19.19 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.90 and a beta of 2.11.

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

Analysts Set New Price Targets

BLDR has been the topic of a number of research analyst reports. Barclays reduced their target price on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada lifted their target price on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Stephens boosted their price objective on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Raymond James began coverage on Builders FirstSource in a research note on Friday, January 17th. They issued an “outperform” rating and a $180.00 price target on the stock. Finally, Wedbush reiterated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $205.71.

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.