AMJ Financial Wealth Management Cuts Position in Builders FirstSource, Inc. (NYSE:BLDR)

AMJ Financial Wealth Management reduced its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 7.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,302 shares of the company’s stock after selling 324 shares during the period. AMJ Financial Wealth Management’s holdings in Builders FirstSource were worth $615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. World Equity Group Inc. boosted its holdings in Builders FirstSource by 4.1% during the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after acquiring an additional 64 shares during the period. HighTower Advisors LLC boosted its stake 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 purchasing an additional 64 shares during the period. Integrated Investment Consultants LLC grew its holdings 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 valued at $2,145,000 after purchasing an additional 65 shares in the last quarter. TFB Advisors LLC increased its stake in Builders FirstSource by 2.1% during the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after buying an additional 79 shares during the period. Finally, Private Trust Co. NA lifted its holdings in Builders FirstSource by 14.6% during the 3rd quarter. Private Trust Co. NA now owns 642 shares of the company’s stock worth $124,000 after buying an additional 82 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on BLDR. Truist Financial dropped their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. DA Davidson lifted their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Stephens upped 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. Finally, Benchmark decreased their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Down 3.0 %

Builders FirstSource stock opened at $134.84 on Tuesday. The company has a market capitalization of $15.32 billion, a P/E ratio of 14.88, a PEG ratio of 0.80 and a beta of 2.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The stock has a 50-day simple moving average of $152.82 and a 200-day simple moving average of $170.17.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource 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.