Cyndeo Wealth Partners LLC Grows Position in Builders FirstSource, Inc. (NYSE:BLDR)

Cyndeo Wealth Partners LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 7.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,690 shares of the company’s stock after buying an additional 119 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Builders FirstSource were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. World Equity Group Inc. grew its stake in Builders FirstSource by 4.1% during the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock worth $316,000 after buying an additional 64 shares during the last quarter. HighTower Advisors LLC lifted its position in Builders FirstSource by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after acquiring an additional 64 shares during the period. Integrated Investment Consultants LLC lifted its position in Builders FirstSource by 0.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after acquiring an additional 65 shares during the period. Private Trust Co. NA lifted its position in Builders FirstSource by 14.6% during the 3rd quarter. Private Trust Co. NA now owns 642 shares of the company’s stock worth $124,000 after acquiring an additional 82 shares during the period. Finally, Centaurus Financial Inc. lifted its position in Builders FirstSource by 9.1% during the 2nd quarter. Centaurus Financial Inc. now owns 991 shares of the company’s stock worth $137,000 after acquiring an additional 83 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on BLDR. Raymond James began coverage on Builders FirstSource in a research report on Friday, January 17th. They set an “outperform” rating and a $180.00 price objective for the company. The Goldman Sachs Group began coverage on Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective on shares of Builders FirstSource in a research report on Wednesday, January 8th. UBS Group assumed coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $166.76 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a fifty day moving average of $162.62 and a two-hundred day moving average of $170.90. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.90 and a beta of 2.11. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.24 EPS. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

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.