Burney Co. Has $4.84 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Burney Co. decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 11.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,883 shares of the company’s stock after selling 4,492 shares during the quarter. Burney Co.’s holdings in Builders FirstSource were worth $4,843,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BLDR. Cyndeo Wealth Partners LLC lifted its stake in shares of Builders FirstSource by 3.7% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock valued at $305,000 after purchasing an additional 56 shares during the period. World Equity Group Inc. lifted its stake in shares of Builders FirstSource by 4.1% in the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after purchasing an additional 64 shares during the period. HighTower Advisors LLC lifted its stake in shares of Builders FirstSource by 0.3% in the 3rd 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. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Builders FirstSource by 0.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock valued at $1,417,000 after purchasing an additional 74 shares during the period. Finally, Private Trust Co. NA lifted its stake in shares of Builders FirstSource by 14.6% in the 3rd quarter. Private Trust Co. NA now owns 642 shares of the company’s stock valued at $124,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the transaction, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of analyst reports. Stephens increased their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Bank of America upped their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and an average price target of $208.75.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $161.37 on Thursday. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 0.96 and a beta of 2.11. The business has a 50-day moving average of $164.64 and a 200-day moving average of $169.15. 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, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.24 EPS. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

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.