APG Asset Management N.V. lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,724 shares of the company's stock after selling 3,621 shares during the quarter. APG Asset Management N.V.'s holdings in Builders FirstSource were worth $4,103,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in Builders FirstSource by 7.3% during the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after purchasing an additional 740,214 shares in the last quarter. Invesco Ltd. boosted its stake in Builders FirstSource by 1.2% during the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock valued at $322,105,000 after buying an additional 26,314 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after buying an additional 623,583 shares in the last quarter. Baillie Gifford & Co. raised its position in Builders FirstSource by 20.7% in the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after acquiring an additional 285,458 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Builders FirstSource by 8.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company's stock valued at $225,637,000 after acquiring an additional 120,400 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
BLDR has been the topic of a number of research reports. Wedbush reiterated an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Loop Capital cut their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft began coverage on Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price on the stock. Raymond James reissued an "outperform" rating and issued a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Finally, Benchmark decreased their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Five equities research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.84.
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Builders FirstSource Stock Performance
Shares of NYSE:BLDR traded down $1.15 on Tuesday, hitting $118.36. 1,511,715 shares of the company were exchanged, compared to its average volume of 1,682,618. The company's 50 day moving average price is $132.95 and its two-hundred day moving average price is $158.08. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.80 and a beta of 1.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a one year low of $110.84 and a one year high of $203.14.
Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.90 billion. Research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.
Builders FirstSource Company Profile
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Free Report)
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.
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