Oppenheimer & Co. Inc. Lowers Position in Builders FirstSource, Inc. (NYSE:BLDR)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 37.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,953 shares of the company’s stock after selling 10,250 shares during the period. Oppenheimer & Co. Inc.’s holdings in Builders FirstSource were worth $2,423,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mountain Lake Investment Management LLC raised its position in Builders FirstSource by 7.0% in the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock worth $5,201,000 after purchasing an additional 2,367 shares during the period. Fiera Capital Corp bought a new position in shares of Builders FirstSource during the fourth quarter valued at about $27,089,000. Lecap Asset Management Ltd. increased its holdings in shares of Builders FirstSource by 82.6% in the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after buying an additional 9,970 shares during the period. Miracle Mile Advisors LLC bought a new stake in shares of Builders FirstSource in the 4th quarter valued at about $405,000. Finally, JPMorgan Chase & Co. boosted its holdings in Builders FirstSource by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock valued at $153,766,000 after acquiring an additional 58,436 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $139.03 on Monday. The company has a market cap of $15.80 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 0.80 and a beta of 2.12. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The stock’s 50 day simple moving average is $152.82 and its two-hundred day simple moving average is $170.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on BLDR shares. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. The Goldman Sachs Group lowered their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Truist Financial lowered their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Stephens upped their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus decreased their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.72.

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.