Cynosure Group LLC Sells 228 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Cynosure Group LLC cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,407 shares of the company’s stock after selling 228 shares during the quarter. Cynosure Group LLC’s holdings in Builders FirstSource were worth $344,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Builders FirstSource by 8.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company’s stock valued at $225,637,000 after acquiring an additional 120,400 shares during the last quarter. Trexquant Investment LP purchased a new stake in Builders FirstSource in the fourth quarter worth approximately $14,780,000. Headlands Technologies LLC purchased a new stake in Builders FirstSource in the fourth quarter worth approximately $218,000. National Bank of Canada FI grew its position in Builders FirstSource by 12.9% in the 4th quarter. National Bank of Canada FI now owns 54,744 shares of the company’s stock worth $7,825,000 after purchasing an additional 6,264 shares during the period. Finally, HighPoint Advisor Group LLC raised its stake in Builders FirstSource by 5.2% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock valued at $262,000 after buying an additional 83 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on BLDR. Barclays cut their price objective on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, February 24th. The Goldman Sachs Group cut their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Wedbush reissued an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. BMO Capital Markets cut their target price on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research report on Monday, February 24th. Finally, Stifel Nicolaus decreased 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 report on Monday, February 24th. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $188.63.

Builders FirstSource Stock Up 4.4 %

Shares of BLDR stock opened at $131.16 on Thursday. The company’s fifty day simple moving average is $143.29 and its two-hundred day simple moving average is $163.54. Builders FirstSource, Inc. has a 52 week low of $119.65 and a 52 week high of $210.00. The stock has a market cap of $14.90 billion, a P/E ratio of 14.48, a PEG ratio of 0.80 and a beta of 2.19. 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 (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.90 billion. Analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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.