Arrowstreet Capital Limited Partnership Cuts Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Arrowstreet Capital Limited Partnership reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 78.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,511 shares of the company's stock after selling 225,056 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.05% of Builders FirstSource worth $8,935,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company's stock worth $4,296,000 after acquiring an additional 64 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Builders FirstSource by 52.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 3,039 shares of the company's stock worth $589,000 after purchasing an additional 1,047 shares during the period. Quantinno Capital Management LP boosted its position in Builders FirstSource by 3.4% during the third quarter. Quantinno Capital Management LP now owns 27,305 shares of the company's stock worth $5,293,000 after purchasing an additional 904 shares in the last quarter. Stifel Financial Corp boosted its position in Builders FirstSource by 33.9% during the third quarter. Stifel Financial Corp now owns 151,046 shares of the company's stock worth $29,282,000 after purchasing an additional 38,254 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in Builders FirstSource by 6.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 51,398 shares of the company's stock valued at $9,886,000 after purchasing an additional 3,091 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

BLDR has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on 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 decreased their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. BMO Capital Markets cut their target price on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group decreased their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" 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 note on Tuesday. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and a consensus price target of $187.89.

Builders FirstSource Trading Up 0.6 %

NYSE BLDR traded up $0.67 during trading hours on Friday, reaching $120.61. The company had a trading volume of 1,494,708 shares, compared to its average volume of 1,679,724. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $13.72 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The stock has a 50-day moving average of $134.62 and a 200 day moving average of $159.09. Builders FirstSource, Inc. has a 1-year low of $110.84 and a 1-year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS 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 firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.