Legal & General Group Plc Sells 196,739 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Legal & General Group Plc trimmed its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 22.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 687,257 shares of the company’s stock after selling 196,739 shares during the period. Legal & General Group Plc’s holdings in Builders FirstSource were worth $98,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. EP Wealth Advisors LLC bought a new position in shares of Builders FirstSource in the 3rd quarter worth $214,000. National Bank of Canada FI increased its holdings in shares of Builders FirstSource by 39.9% in the third quarter. National Bank of Canada FI now owns 48,480 shares of the company’s stock valued at $9,398,000 after purchasing an additional 13,819 shares during the period. Orion Portfolio Solutions LLC increased its holdings in Builders FirstSource by 86.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,334 shares of the company’s stock worth $646,000 after buying an additional 1,543 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Builders FirstSource by 4.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 55,279 shares of the company’s stock valued at $10,716,000 after purchasing an additional 2,354 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in Builders FirstSource by 17.2% during the third quarter. M&T Bank Corp now owns 7,043 shares of the company’s stock worth $1,366,000 after acquiring an additional 1,032 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Trading Down 3.9 %

Shares of NYSE BLDR opened at $119.89 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $13.64 billion, a P/E ratio of 13.23, a PEG ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a 52-week low of $110.84 and a 52-week high of $203.14. The stock’s 50 day moving average price is $135.48 and its two-hundred day moving average price is $159.59.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLDR has been the topic of several research analyst reports. The Goldman Sachs Group dropped their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus lowered their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Truist Financial dropped their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Raymond James reiterated an “outperform” rating and set a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 target price for the company. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $187.89.

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.