Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lowered its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,130 shares of the company’s stock after selling 236 shares during the period. Hartford Investment Management Co.’s holdings in Builders FirstSource were worth $1,019,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. increased its position in shares of Builders FirstSource by 82.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after acquiring an additional 9,970 shares during the period. Miracle Mile Advisors LLC purchased a new stake in Builders FirstSource during the 4th quarter worth about $405,000. JPMorgan Chase & Co. raised its position in Builders FirstSource by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock valued at $153,766,000 after purchasing an additional 58,436 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of Builders FirstSource in the 4th quarter valued at about $1,136,000. Finally, Forsta AP Fonden grew its position in shares of Builders FirstSource by 12.1% during the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock worth $5,195,000 after buying an additional 2,900 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Trading Up 0.9 %

NYSE BLDR opened at $153.90 on Friday. The firm’s fifty day moving average is $156.79 and its two-hundred day moving average is $171.00. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a market cap of $17.71 billion, a PE ratio of 15.03, a P/E/G ratio of 0.89 and a beta of 2.12.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of recent research reports. UBS Group assumed coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 price target for the company. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Oppenheimer reissued an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Wedbush reaffirmed an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. Finally, Raymond James started coverage on Builders FirstSource in a report on Friday, January 17th. They issued an “outperform” rating and a $180.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average 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.