PFG Investments LLC Sells 1,212 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

PFG Investments LLC trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR) by 45.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,476 shares of the company’s stock after selling 1,212 shares during the quarter. PFG Investments LLC’s holdings in Builders FirstSource were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource in the third quarter valued at approximately $28,000. Armstrong Advisory Group Inc. acquired a new stake in Builders FirstSource in the 3rd quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Builders FirstSource during the 4th quarter worth about $33,000. Reston Wealth Management LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at about $39,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Builders FirstSource during the third quarter worth about $46,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm’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 transaction, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Trading Down 3.1 %

Shares of NYSE BLDR opened at $167.29 on Friday. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The company has a 50-day moving average of $161.93 and a two-hundred day moving average of $171.34. The company has a market cap of $19.25 billion, a PE ratio of 16.34, a P/E/G ratio of 0.92 and a beta of 2.11. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share 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 the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business’s revenue for the quarter 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, equities analysts expect that Builders FirstSource, Inc. will post 11.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BLDR shares. Robert W. Baird upped their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Oppenheimer reissued an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 8th. Finally, Raymond James began coverage on Builders FirstSource in a research report on Friday, January 17th. They set an “outperform” rating and a $180.00 target price for the company. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

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.