Nilsine Partners LLC Sells 194 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Nilsine Partners LLC lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 41,973 shares of the company’s stock after selling 194 shares during the period. Nilsine Partners LLC’s holdings in Builders FirstSource were worth $5,999,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Brooklyn Investment Group bought a new position in Builders FirstSource during the third quarter valued at $28,000. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource during the third quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource during the fourth quarter valued at $33,000. Reston Wealth Management LLC bought a new position in Builders FirstSource in the 3rd quarter worth about $39,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Builders FirstSource during the 3rd quarter valued at $46,000. Institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction 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 owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BLDR shares. Oppenheimer reissued an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. Robert W. Baird boosted their price target on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group assumed coverage on Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective on the stock. Raymond James initiated coverage on shares of Builders FirstSource in a report on Friday, January 17th. They issued an “outperform” rating and a $180.00 target price for the company. Finally, Stifel Nicolaus restated a “buy” rating and issued a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, January 8th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.71.

Builders FirstSource Stock Performance

NYSE BLDR opened at $173.57 on Tuesday. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The stock has a 50-day moving average of $162.52 and a two-hundred day moving average of $171.09. The company has a market cap of $19.98 billion, a P/E ratio of 16.95, a P/E/G ratio of 0.90 and a beta of 2.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.24 EPS. As a group, analysts anticipate that Builders FirstSource, Inc. will post 11.53 EPS for the current year.

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.