SRS Capital Advisors Inc. Reduces Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

SRS Capital Advisors Inc. lessened its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 17.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,654 shares of the company’s stock after selling 359 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Builders FirstSource were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of BLDR. Brooklyn Investment Group purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource during the 4th quarter worth $33,000. Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $46,000. Avion Wealth boosted its stake in shares of Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after acquiring an additional 306 shares during the last quarter. Finally, Peterson Financial Group Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $71,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Stephens lifted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Benchmark lowered their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. DA Davidson lifted their target price 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, Wedbush reissued an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Stock Performance

NYSE BLDR opened at $130.44 on Wednesday. The stock has a market capitalization of $14.82 billion, a PE ratio of 14.40, a P/E/G ratio of 0.80 and a beta of 2.12. The business has a 50 day simple moving average of $152.54 and a two-hundred day simple moving average of $169.95. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 1-year low of $127.45 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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.