Boston Partners Sells 915,660 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Boston Partners lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 31.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,987,447 shares of the company's stock after selling 915,660 shares during the period. Boston Partners owned approximately 1.73% of Builders FirstSource worth $285,524,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horizon Investments LLC boosted its position in Builders FirstSource by 7.9% in the 4th quarter. Horizon Investments LLC now owns 2,091 shares of the company's stock worth $299,000 after purchasing an additional 153 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in Builders FirstSource by 1.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 45,804 shares of the company's stock worth $6,547,000 after purchasing an additional 599 shares during the period. Tocqueville Asset Management L.P. increased its position in shares of Builders FirstSource by 42.0% during the fourth quarter. Tocqueville Asset Management L.P. now owns 122,930 shares of the company's stock worth $17,570,000 after acquiring an additional 36,359 shares during the period. Cibc World Markets Corp increased its position in shares of Builders FirstSource by 12.8% in the 4th quarter. Cibc World Markets Corp now owns 18,241 shares of the company's stock valued at $2,607,000 after purchasing an additional 2,076 shares during the last quarter. Finally, Altus Wealth Group LLC increased its holdings in shares of Builders FirstSource by 7.1% in the 4th quarter. Altus Wealth Group LLC now owns 40,472 shares of the company's stock valued at $5,785,000 after acquiring an additional 2,690 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

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Builders FirstSource Stock Down 1.8 %

Shares of BLDR traded down $2.34 on Friday, hitting $126.42. The company's stock had a trading volume of 4,153,240 shares, compared to its average volume of 1,599,652. 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 firm's fifty day moving average price is $148.43 and its 200-day moving average price is $165.95. Builders FirstSource, Inc. has a fifty-two week low of $122.49 and a fifty-two week high of $212.24. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Upgrades and Downgrades

BLDR has been the subject of several research reports. The Goldman Sachs Group reduced their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Loop Capital decreased their price target on Builders FirstSource from $205.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Truist Financial decreased their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada dropped their price target on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Finally, BMO Capital Markets lowered their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $190.72.

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.