Brady Martz Wealth Solutions LLC Buys New Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Brady Martz Wealth Solutions LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,459 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource during the third quarter valued at about $28,000. Armstrong Advisory Group Inc. acquired a new stake in Builders FirstSource during the 3rd quarter valued at approximately $30,000. Reston Wealth Management LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $39,000. Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $46,000. Finally, Friedenthal Financial acquired a new stake in shares of Builders FirstSource during the third quarter worth approximately $50,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated 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 transaction, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $164.09 on Monday. The stock has a fifty day moving average price of $163.99 and a two-hundred day moving average price of $169.79. The firm has a market cap of $18.88 billion, a P/E ratio of 16.02, a PEG ratio of 0.75 and a beta of 2.11. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 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.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $4.23 billion during 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 business’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.24 earnings per share. Research analysts forecast that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group assumed coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 price objective on the stock. Stephens lifted their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Wedbush restated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Oppenheimer reiterated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, DA Davidson upped their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Four 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, the stock has a consensus rating of “Moderate Buy” and an average 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.