Cerity Partners LLC Sells 5,115 Shares of Builders FirstSource, Inc. $BLDR

Cerity Partners LLC lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 2.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 175,781 shares of the company’s stock after selling 5,115 shares during the period. Cerity Partners LLC owned about 0.16% of Builders FirstSource worth $20,512,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Smithfield Trust Co lifted its holdings in Builders FirstSource by 187.7% during the second quarter. Smithfield Trust Co now owns 420 shares of the company’s stock worth $49,000 after buying an additional 274 shares during the period. AlphaQuest LLC bought a new position in shares of Builders FirstSource in the 2nd quarter worth $67,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth $67,000. Smartleaf Asset Management LLC boosted its position in Builders FirstSource by 21.0% during the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after purchasing an additional 109 shares in the last quarter. Finally, New Age Alpha Advisors LLC grew its stake in Builders FirstSource by 22.8% in the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock valued at $80,000 after purchasing an additional 119 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 2.3%

NYSE BLDR opened at $104.98 on Wednesday. Builders FirstSource, Inc. has a 12-month low of $94.35 and a 12-month high of $175.46. The company has a fifty day simple moving average of $114.61 and a two-hundred day simple moving average of $122.60. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The stock has a market cap of $11.61 billion, a P/E ratio of 20.00, a P/E/G ratio of 11.49 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.07 earnings per share. On average, analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several analyst reports. Wedbush reissued a “neutral” rating and set a $145.00 price target on shares of Builders FirstSource in a research report on Monday, September 15th. Stifel Nicolaus decreased their target price on shares of Builders FirstSource from $128.00 to $124.00 in a research report on Monday, November 3rd. BMO Capital Markets cut their price target on shares of Builders FirstSource from $130.00 to $123.00 in a report on Wednesday, October 29th. KeyCorp set a $145.00 price target on Builders FirstSource in a research report on Wednesday, October 1st. Finally, Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource has an average rating of “Hold” and a consensus price target of $136.86.

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.