Summit Investment Advisors Inc. Decreases Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Summit Investment Advisors Inc. cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,542 shares of the company’s stock after selling 180 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Builders FirstSource were worth $1,936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLDR. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource during the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource in the fourth quarter valued at approximately $34,000. Avion Wealth grew its position in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after acquiring an additional 306 shares in the last quarter. Mather Group LLC. raised its stake in shares of Builders FirstSource by 91.2% during the fourth quarter. Mather Group LLC. now owns 497 shares of the company’s stock valued at $71,000 after purchasing an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after purchasing an additional 134 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BLDR shares. Truist Financial dropped their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Stifel Nicolaus cut their price target on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Barclays lowered their price objective on Builders FirstSource from $165.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. 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. Finally, Royal Bank of Canada decreased their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.84.

Builders FirstSource Trading Down 1.0 %

NYSE:BLDR opened at $118.36 on Wednesday. The firm has a market capitalization of $13.46 billion, a P/E ratio of 13.06, a P/E/G ratio of 0.80 and a beta of 1.99. The business has a 50 day simple moving average of $132.95 and a 200 day simple moving average of $158.08. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 12-month low of $110.84 and a 12-month high of $203.14.

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, beating 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 company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current 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.