Builders FirstSource, Inc. (NYSE:BLDR) Holdings Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 8.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,222 shares of the company’s stock after selling 382 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Builders FirstSource were worth $603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cyndeo Wealth Partners LLC lifted its position in shares of Builders FirstSource by 3.7% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock worth $305,000 after purchasing an additional 56 shares during the last quarter. World Equity Group Inc. lifted its holdings in shares of Builders FirstSource by 4.1% during the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock worth $316,000 after buying an additional 64 shares during the last quarter. HighTower Advisors LLC boosted its position 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 acquiring an additional 64 shares during the period. Integrated Investment Consultants LLC grew its stake 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 worth $2,145,000 after acquiring an additional 65 shares during the last quarter. Finally, Private Trust Co. NA increased its position in Builders FirstSource by 14.6% during the third quarter. Private Trust Co. NA now owns 642 shares of the company’s stock worth $124,000 after acquiring an additional 82 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the transaction, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $169.51 on Wednesday. The firm has a market cap of $19.51 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.90 and a beta of 2.11. The stock’s 50 day moving average is $162.34 and its 200 day moving average is $171.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the company posted $4.24 earnings per share. Builders FirstSource’s quarterly revenue was down 6.7% on a year-over-year basis. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on BLDR shares. UBS Group started coverage on Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective for the company. Stephens boosted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their target price on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. The Goldman Sachs Group began coverage on Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 price target for the company. Finally, Raymond James initiated coverage on Builders FirstSource in a research note on Friday, January 17th. They issued an “outperform” rating and a $180.00 price objective on the stock. Four investment 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.