Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 64.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,852 shares of the company’s stock after selling 60,027 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Builders FirstSource were worth $5,484,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BLDR. Alliancebernstein L.P. lifted its position in Builders FirstSource by 182.0% in the second quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock valued at $313,486,000 after buying an additional 1,487,620 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Builders FirstSource by 14.8% during the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after purchasing an additional 1,455,580 shares in the last quarter. Norges Bank acquired a new stake in shares of Builders FirstSource during the fourth quarter worth about $91,288,000. Invesco Ltd. lifted its position in shares of Builders FirstSource by 80.8% during the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock worth $243,516,000 after purchasing an additional 874,268 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Builders FirstSource by 1,106.4% during the first quarter. Envestnet Asset Management Inc. now owns 844,518 shares of the company’s stock worth $5,183,000 after purchasing an additional 774,515 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Transactions at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $189.53 on Friday. The firm has a market capitalization of $23.11 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.16 and a beta of 2.04. Builders FirstSource, Inc. has a 52 week low of $90.10 and a 52 week high of $214.70. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average is $195.35 and its two-hundred day moving average is $161.05.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. Research analysts forecast that Builders FirstSource, Inc. will post 13.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BLDR. DA Davidson reissued a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and increased their price target for the stock from $153.00 to $200.00 in a research report on Monday, January 29th. Truist Financial raised their target price on shares of Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Finally, Oppenheimer raised their target price on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $186.93.

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.