Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC reduced its position in Builders FirstSource, Inc. (NYSE:BLDR) by 38.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,976 shares of the company’s stock after selling 1,250 shares during the period. Schechter Investment Advisors LLC’s holdings in Builders FirstSource were worth $282,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. US Bancorp DE grew its stake in Builders FirstSource by 32.8% during the third quarter. US Bancorp DE now owns 15,825 shares of the company’s stock worth $3,068,000 after buying an additional 3,911 shares during the period. Van ECK Associates Corp boosted its position in Builders FirstSource by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 20,676 shares of the company’s stock worth $3,706,000 after purchasing an additional 2,050 shares during the period. National Pension Service increased its holdings in Builders FirstSource by 2.3% in the 3rd quarter. National Pension Service now owns 194,599 shares of the company’s stock valued at $37,725,000 after purchasing an additional 4,399 shares in the last quarter. QRG Capital Management Inc. raised its position in Builders FirstSource by 15.6% in the third quarter. QRG Capital Management Inc. now owns 20,429 shares of the company’s stock valued at $3,960,000 after purchasing an additional 2,752 shares during the period. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of Builders FirstSource during the third quarter worth about $1,043,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several analyst reports. Loop Capital decreased their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Barclays dropped their price objective on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, BMO Capital Markets reduced their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research note on Monday, February 24th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Up 2.7 %

NYSE:BLDR opened at $133.92 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $152.17 and a 200-day moving average of $169.74. The firm has a market capitalization of $15.22 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12. Builders FirstSource, Inc. has a 52 week low of $127.45 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. The firm had revenue of $3.82 billion during 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%. Analysts predict that Builders FirstSource, Inc. will post 11.59 EPS 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.