SG Americas Securities LLC Has $636,000 Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

SG Americas Securities LLC lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,450 shares of the company’s stock after selling 4,447 shares during the quarter. SG Americas Securities LLC’s holdings in Builders FirstSource were worth $636,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Builders FirstSource during the third quarter worth about $28,000. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource in 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 worth approximately $39,000. Brown Brothers Harriman & Co. bought a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $46,000. Finally, Mather Group LLC. boosted its stake in Builders FirstSource by 340.7% in the 3rd quarter. Mather Group LLC. now owns 260 shares of the company’s stock valued at $50,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BLDR shares. Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Barclays dropped their target price on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target on the stock. Stephens raised their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, DA Davidson lifted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Four investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $172.81 on Friday. The stock has a market cap of $19.89 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 0.90 and a beta of 2.11. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The business’s 50-day simple moving average is $162.15 and its 200 day simple moving average is $171.20.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the firm earned $4.24 EPS. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.53 earnings per share for the current year.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s 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 completion of the transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

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.