Clio Asset Management LLC Has $3.71 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Clio Asset Management LLC lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,922 shares of the company’s stock after selling 624 shares during the period. Builders FirstSource accounts for 2.7% of Clio Asset Management LLC’s holdings, making the stock its 12th biggest holding. Clio Asset Management LLC’s holdings in Builders FirstSource were worth $3,705,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BLDR. Miracle Mile Advisors LLC acquired a new stake in shares of Builders FirstSource during the 4th quarter worth approximately $405,000. JPMorgan Chase & Co. boosted its stake in Builders FirstSource by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after acquiring an additional 58,436 shares in the last quarter. Oak Thistle LLC acquired a new stake in Builders FirstSource in the fourth quarter worth $1,136,000. Forsta AP Fonden increased its stake in Builders FirstSource by 12.1% in the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Builders FirstSource by 38.5% during the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock valued at $39,025,000 after purchasing an additional 56,009 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BLDR. Barclays decreased their target price on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Robert W. Baird boosted their price objective on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Stephens increased their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Wedbush restated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $166.76 on Monday. The company has a market capitalization of $19.19 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 0.90 and a beta of 2.11. The company’s 50-day moving average is $162.62 and its 200 day moving average is $170.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. 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 earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.24 earnings per share. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.53 earnings per share for the current year.

About Builders FirstSource

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.