Mount Yale Investment Advisors LLC Cuts Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Mount Yale Investment Advisors LLC lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 39.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,792 shares of the company’s stock after selling 1,168 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Builders FirstSource were worth $256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mountaineer Partners Management LLC acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $2,099,877,000. FMR LLC grew its position in shares of Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after purchasing an additional 3,186,876 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after purchasing an additional 277,897 shares during the last quarter. Baillie Gifford & Co. purchased a new position in Builders FirstSource during the third quarter worth approximately $267,132,000. Finally, Diamond Hill Capital Management Inc. acquired a new position in Builders FirstSource during the third quarter worth $255,867,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $168.79 on Thursday. The company has a market cap of $19.42 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 0.90 and a beta of 2.11. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a fifty day simple moving average of $162.21 and a two-hundred day simple moving average of $171.19.

Builders FirstSource (NYSE:BLDR) last posted its quarterly 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). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the business earned $4.24 EPS. Builders FirstSource’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 11.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank of Canada boosted their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Barclays dropped their price target on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Raymond James started coverage on Builders FirstSource in a research report on Friday, January 17th. They issued an “outperform” rating and a $180.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

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.