Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 29.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,468 shares of the company’s stock after selling 1,475 shares during the period. DAVENPORT & Co LLC’s holdings in Builders FirstSource were worth $496,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource during the third quarter worth about $28,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Builders FirstSource during the third quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource during the fourth quarter worth about $33,000. Reston Wealth Management LLC purchased a new stake in shares of Builders FirstSource during the third quarter worth about $39,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource during the third quarter worth about $46,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $153.97 on Friday. The firm has a 50 day simple moving average of $160.01 and a 200-day simple moving average of $171.35. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a market cap of $17.72 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 0.92 and a beta of 2.12.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BLDR shares. Stephens boosted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. UBS Group started coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company. Raymond James started coverage on shares of Builders FirstSource in a research note on Friday, January 17th. They set an “outperform” rating and a $180.00 price objective for the company. Barclays dropped their price objective on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.