Cynosure Group LLC Sells 228 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Cynosure Group LLC lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,407 shares of the company’s stock after selling 228 shares during the quarter. Cynosure Group LLC’s holdings in Builders FirstSource were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. D.A. Davidson & CO. purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $278,000. Townsquare Capital LLC boosted its holdings in Builders FirstSource by 11.9% during the 3rd quarter. Townsquare Capital LLC now owns 3,701 shares of the company’s stock valued at $718,000 after acquiring an additional 394 shares during the period. Edgestream Partners L.P. bought a new position in Builders FirstSource in the 3rd quarter valued at $1,140,000. Benjamin Edwards Inc. increased its stake in Builders FirstSource by 392.9% in the third quarter. Benjamin Edwards Inc. now owns 8,221 shares of the company’s stock worth $1,594,000 after purchasing an additional 6,553 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Builders FirstSource by 0.3% during the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after purchasing an additional 64 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Benchmark reduced their price target 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. Barclays decreased their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Stifel Nicolaus dropped their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. BMO Capital Markets decreased their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research report on Monday, February 24th. Finally, Loop Capital dropped their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $188.63.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $131.16 on Thursday. Builders FirstSource, Inc. has a fifty-two week low of $119.65 and a fifty-two week high of $210.00. The company has a market cap of $14.90 billion, a PE ratio of 14.48, a P/E/G ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The business has a 50-day simple moving average of $143.29 and a two-hundred day simple moving average of $163.54.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping 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 company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. As a group, equities analysts expect 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.