Builders FirstSource, Inc. (NYSE:BLDR) Stake Lessened by iA Global Asset Management Inc.

iA Global Asset Management Inc. lowered its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 96.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,480 shares of the company’s stock after selling 37,120 shares during the period. iA Global Asset Management Inc.’s holdings in Builders FirstSource were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. HighTower Advisors LLC lifted its holdings in shares of 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 purchasing an additional 64 shares in the last quarter. Integrated Investment Consultants LLC lifted its holdings in shares of 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 purchasing an additional 65 shares in the last quarter. TFB Advisors LLC lifted its holdings in shares of Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after purchasing an additional 79 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of 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 purchasing an additional 82 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Builders FirstSource by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company’s stock valued at $548,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. The Goldman Sachs Group reduced their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Stifel Nicolaus cut their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, Loop Capital cut their price objective on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Trading Down 1.8 %

Shares of NYSE:BLDR opened at $126.42 on Friday. The company has a market cap of $14.36 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.80 and a beta of 2.19. The stock’s 50-day moving average is $148.43 and its 200-day moving average is $165.95. Builders FirstSource, Inc. has a 52-week low of $122.49 and a 52-week high of $212.24. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77.

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