Empowered Funds LLC Sells 9,641 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Empowered Funds LLC trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 21.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,753 shares of the company's stock after selling 9,641 shares during the quarter. Empowered Funds LLC's holdings in Builders FirstSource were worth $5,110,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BLDR. Mountaineer Partners Management LLC acquired a new position in shares of Builders FirstSource in the third quarter worth approximately $2,099,877,000. FMR LLC lifted its stake in shares of Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company's stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock worth $282,697,000 after purchasing an additional 277,897 shares in the last quarter. Baillie Gifford & Co. acquired a new position in Builders FirstSource in the third quarter valued at approximately $267,132,000. Finally, Diamond Hill Capital Management Inc. acquired a new position in Builders FirstSource in the third quarter valued at approximately $255,867,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLDR has been the topic of several recent analyst reports. Raymond James initiated coverage on Builders FirstSource in a research note on Friday, January 17th. They issued an "outperform" rating and a $180.00 price target on the stock. Stephens boosted their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. UBS Group initiated coverage on Builders FirstSource in a research note on Friday, October 25th. They issued a "buy" rating and a $232.00 price target on the stock. Oppenheimer reissued an "outperform" rating and issued a $225.00 price target on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $205.71.

Builders FirstSource Stock Up 0.9 %

NYSE BLDR traded up $1.40 on Friday, reaching $153.90. The company had a trading volume of 1,468,590 shares, compared to its average volume of 1,605,473. The stock has a market capitalization of $17.71 billion, a P/E ratio of 15.03, a P/E/G ratio of 0.89 and a beta of 2.12. The company's fifty day moving average is $156.79 and its 200 day moving average is $171.03. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

About Builders FirstSource

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.