Independent Advisor Alliance Purchases 943 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Independent Advisor Alliance increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 70.5% during the fourth quarter, Holdings Channel reports. The fund owned 2,280 shares of the company’s stock after purchasing an additional 943 shares during the period. Independent Advisor Alliance’s holdings in Builders FirstSource were worth $326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brooklyn Investment Group bought a new position in shares of Builders FirstSource in the third quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource in the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new position in shares of Builders FirstSource in the fourth quarter worth about $34,000. Brown Brothers Harriman & Co. acquired a new position in shares of Builders FirstSource during the third quarter worth approximately $46,000. Finally, Avion Wealth grew its stake in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $127.79 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 12-month low of $122.49 and a 12-month high of $214.70. The firm has a fifty day moving average of $149.31 and a 200-day moving average of $166.83. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLDR has been the topic of several research reports. Raymond James reaffirmed an “outperform” rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Loop Capital cut their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group decreased their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. BMO Capital Markets dropped their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $190.72.

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.