Opinicus Capital Inc. Cuts Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Opinicus Capital Inc. reduced its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 7.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,596 shares of the company’s stock after selling 198 shares during the quarter. Opinicus Capital Inc.’s holdings in Builders FirstSource were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BLDR. Brooklyn Investment Group bought a new stake in Builders FirstSource in the 3rd quarter worth approximately $28,000. Armstrong Advisory Group Inc. purchased a new stake in Builders FirstSource during the third quarter valued at $30,000. Reston Wealth Management LLC purchased a new position in Builders FirstSource in the third quarter worth about $39,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Builders FirstSource during the fourth quarter valued at approximately $33,000. Finally, Brown Brothers Harriman & Co. bought a new position in Builders FirstSource in the 3rd quarter worth $46,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 3.7 %

NYSE BLDR opened at $153.97 on Friday. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The stock has a market capitalization of $17.72 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 0.92 and a beta of 2.12. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average of $160.01 and a two-hundred day moving average of $171.35.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business’s revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.24 EPS. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on BLDR. Robert W. Baird increased their price target on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Stifel Nicolaus restated a “buy” rating and set a $175.00 price objective on shares of Builders FirstSource in a research report on Wednesday, January 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $205.71.

About Builders FirstSource

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.