Proficio Capital Partners LLC Raises Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Proficio Capital Partners LLC raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,547 shares of the company’s stock after purchasing an additional 390 shares during the quarter. Proficio Capital Partners LLC’s holdings in Builders FirstSource were worth $650,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BLDR. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource in the 4th quarter worth about $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource in the 4th quarter worth about $34,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth about $46,000. Finally, Avion Wealth grew its position in shares of Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after buying an additional 306 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

BLDR opened at $126.42 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a market capitalization of $14.36 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.80 and a beta of 2.19. The company’s 50-day simple moving average is $148.43 and its two-hundred day simple moving average is $165.93. Builders FirstSource, Inc. has a 52-week low of $122.49 and a 52-week high of $212.24.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. As a group, analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BLDR. Wedbush reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. BMO Capital Markets reduced their target price on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research report on Monday, February 24th. The Goldman Sachs Group dropped their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $190.72.

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.