Impact Partnership Wealth LLC Makes New $350,000 Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Impact Partnership Wealth LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,448 shares of the company’s stock, valued at approximately $350,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Brooklyn Investment Group purchased a new stake in Builders FirstSource in the third quarter worth approximately $28,000. Armstrong Advisory Group Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth $30,000. Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource in the third quarter worth $39,000. Brown Brothers Harriman & Co. purchased a new stake in Builders FirstSource during the third quarter valued at $46,000. Finally, Friedenthal Financial bought a new position in Builders FirstSource in the third quarter valued at about $50,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price target on shares of Builders FirstSource in a research report on Wednesday, January 8th. Barclays reduced their target price on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada boosted their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Raymond James initiated coverage on Builders FirstSource in a report on Friday, January 17th. They issued an “outperform” rating and a $180.00 target price on the stock. Finally, The Goldman Sachs Group assumed 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. Four 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 presently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Trading Down 0.8 %

Shares of Builders FirstSource stock opened at $166.76 on Friday. 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 market cap of $19.19 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.90 and a beta of 2.11. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The business has a 50-day moving average price of $162.62 and a 200-day moving average price of $170.41.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data 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). The firm 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 was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.24 EPS. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.53 EPS for the current fiscal year.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the sale, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is owned by insiders.

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.