Strategic Financial Concepts LLC Acquires Shares of 88,331 Builders FirstSource, Inc. (NYSE:BLDR)

Strategic Financial Concepts LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 88,331 shares of the company’s stock, valued at approximately $12,625,000.

Several other large investors have also recently made changes to their positions in BLDR. AMF Tjanstepension AB bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $1,471,000. Creative Planning raised its position in shares of Builders FirstSource by 35.6% during the 3rd quarter. Creative Planning now owns 12,963 shares of the company’s stock valued at $2,513,000 after buying an additional 3,406 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $296,000. Stratos Wealth Partners LTD. raised its position in Builders FirstSource by 29.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 39,598 shares of the company’s stock worth $7,676,000 after purchasing an additional 9,025 shares during the period. Finally, Blue Trust Inc. raised its position in Builders FirstSource by 45.1% in the 3rd quarter. Blue Trust Inc. now owns 2,634 shares of the company’s stock worth $511,000 after purchasing an additional 819 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Raymond James assumed coverage on shares of Builders FirstSource in a research note on Friday, January 17th. They issued an “outperform” rating and a $180.00 target price on the stock. Stephens raised their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Barclays decreased their price target on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus reissued a “buy” rating and set a $175.00 target price on shares of Builders FirstSource in a report on Wednesday, January 8th. Finally, UBS Group started coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.71.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $153.90 on Friday. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 0.89 and a beta of 2.12. The firm has a 50-day moving average of $156.79 and a two-hundred day moving average of $171.03.

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.