Kendall Capital Management Has $1.08 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Kendall Capital Management reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,525 shares of the company’s stock after selling 575 shares during the quarter. Kendall Capital Management’s holdings in Builders FirstSource were worth $1,076,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in Builders FirstSource in the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource in the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new position in Builders FirstSource in the 4th quarter valued at about $34,000. Brown Brothers Harriman & Co. bought a new position in Builders FirstSource in the 3rd quarter valued at about $46,000. Finally, Avion Wealth raised its holdings in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after acquiring an additional 306 shares during the period. 95.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BLDR. Wedbush reaffirmed an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Raymond James reaffirmed an “outperform” rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. 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 report on Friday, February 21st. Royal Bank of Canada lowered their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Finally, Loop Capital lowered their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $134.70 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $127.45 and a fifty-two week high of $214.70. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a market capitalization of $15.30 billion, a P/E ratio of 14.87, a P/E/G ratio of 0.80 and a beta of 2.19. The company’s 50 day moving average price is $151.38 and its two-hundred day moving average price is $169.04.

Builders FirstSource (NYSE:BLDR) last issued its quarterly 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. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share 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.