Inspire Investing LLC Sells 209 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Inspire Investing LLC reduced its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,979 shares of the company’s stock after selling 209 shares during the period. Inspire Investing LLC’s holdings in Builders FirstSource were worth $1,712,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Brooklyn Investment Group purchased a new position in shares of Builders FirstSource during the 3rd quarter worth about $28,000. Armstrong Advisory Group Inc. purchased a new position in Builders FirstSource in the third quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new stake in shares of Builders FirstSource during the third quarter valued at about $39,000. Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource during the third quarter worth $46,000. Finally, Mather Group LLC. grew its position in Builders FirstSource by 340.7% in the 3rd quarter. Mather Group LLC. now owns 260 shares of the company’s stock valued at $50,000 after acquiring an additional 201 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BLDR shares. Raymond James initiated coverage on shares of Builders FirstSource in a report on Friday, January 17th. They set an “outperform” rating and a $180.00 target price on the stock. Barclays lowered their target price on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada raised their price target on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, DA Davidson boosted their price target on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Four investment 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 stock. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and an average price target of $205.71.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $165.71 on Thursday. The business has a 50-day moving average of $163.07 and a two-hundred day moving average of $170.20. The firm has a market capitalization of $19.07 billion, a PE ratio of 16.18, 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, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70.

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

Insider Activity

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

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.