Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 22.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 112,491 shares of the company's stock after selling 31,746 shares during the quarter. Bank of Montreal Can owned 0.10% of Builders FirstSource worth $16,078,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in BLDR. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource during the fourth quarter worth $33,000. SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource in the 4th quarter valued at about $34,000. Avion Wealth lifted its stake in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after purchasing an additional 306 shares in the last quarter. Mather Group LLC. grew its position in shares of Builders FirstSource by 91.2% in the fourth quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after purchasing an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after buying an additional 134 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 3.4 %

Shares of BLDR stock traded up $3.88 on Friday, reaching $116.94. 2,158,106 shares of the stock were exchanged, compared to its average volume of 1,688,199. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.80 and a beta of 1.99. The business's 50 day moving average price is $131.35 and its 200 day moving average price is $157.24. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a twelve month low of $110.84 and a twelve month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts' consensus estimates of $2.18 by $0.13. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Benchmark lowered their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Raymond James reaffirmed an "outperform" rating and set a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Loop Capital cut their target price on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Monday. Royal Bank of Canada decreased their price target on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Finally, Barclays cut their price objective on Builders FirstSource from $165.00 to $151.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Five 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 stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus target price of $186.84.

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.