Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,821 shares of the company’s stock after selling 188 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Builders FirstSource were worth $403,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Abacus FCF Advisors LLC bought a new position in shares of Builders FirstSource in the 4th quarter worth about $1,070,000. Renaissance Technologies LLC acquired a new stake in Builders FirstSource during the fourth quarter worth about $9,954,000. Invesco Ltd. lifted its holdings in Builders FirstSource by 1.2% in the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock worth $322,105,000 after acquiring an additional 26,314 shares during the last quarter. FMR LLC boosted its stake in Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock valued at $1,557,703,000 after acquiring an additional 740,214 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Builders FirstSource by 32.2% in the fourth quarter. Russell Investments Group Ltd. now owns 246,416 shares of the company’s stock valued at $35,226,000 after acquiring an additional 59,991 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 4.4 %

Shares of Builders FirstSource stock opened at $113.66 on Wednesday. The business has a fifty day simple moving average of $138.15 and a 200-day simple moving average of $160.84. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a fifty-two week low of $111.16 and a fifty-two week high of $203.14. 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 quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on BLDR shares. Royal Bank of Canada cut their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Raymond James reiterated an “outperform” rating and issued a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Loop Capital reduced their price target on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. BMO Capital Markets dropped their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Finally, Truist Financial cut their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and an average target price of $187.89.

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.