Impact Partnership Wealth LLC Invests $350,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Impact Partnership Wealth LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,448 shares of the company’s stock, valued at approximately $350,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource during the third quarter valued at $28,000. Armstrong Advisory Group Inc. purchased a new stake in Builders FirstSource in the 3rd quarter valued at about $30,000. Reston Wealth Management LLC purchased a new stake in Builders FirstSource in the 3rd quarter valued at about $39,000. Brown Brothers Harriman & Co. bought a new position in Builders FirstSource in the 3rd quarter worth about $46,000. Finally, Mather Group LLC. increased its position in shares of Builders FirstSource by 340.7% during the third quarter. Mather Group LLC. now owns 260 shares of the company’s stock worth $50,000 after acquiring an additional 201 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of research reports. Wedbush reiterated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price target on shares of Builders FirstSource in a research report on Wednesday, January 8th. DA Davidson upped their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Robert W. Baird raised their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Barclays reduced their price target on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Four equities 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $166.76 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The company has a market cap of $19.19 billion, a PE ratio of 16.29, a P/E/G ratio of 0.90 and a beta of 2.11. 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 business has a 50-day simple moving average of $162.62 and a two-hundred day simple moving average of $170.41.

Builders FirstSource (NYSE:BLDR) last released its 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 firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.24 EPS. As a group, equities analysts expect that Builders FirstSource, Inc. will post 11.53 EPS for the current fiscal year.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

Builders FirstSource 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.