Franklin Resources Inc. Sells 50,832 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Franklin Resources Inc. decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 46.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,554 shares of the company's stock after selling 50,832 shares during the quarter. Franklin Resources Inc. owned 0.05% of Builders FirstSource worth $8,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its holdings in shares of Builders FirstSource by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company's stock valued at $4,296,000 after buying an additional 64 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Builders FirstSource by 3.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock valued at $278,000 after acquiring an additional 64 shares during the last quarter. Integrated Investment Consultants LLC grew its position in Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company's stock worth $2,145,000 after acquiring an additional 65 shares in the last quarter. TFB Advisors LLC increased its stake in shares of Builders FirstSource by 2.1% during the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock worth $546,000 after purchasing an additional 79 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Builders FirstSource by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company's stock valued at $548,000 after purchasing an additional 92 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

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Builders FirstSource Price Performance

BLDR stock traded up $0.27 during trading on Tuesday, hitting $119.77. The company had a trading volume of 175,635 shares, compared to its average volume of 1,676,450. The company has a fifty day moving average price of $133.77 and a two-hundred day moving average price of $158.35. Builders FirstSource, Inc. has a fifty-two week low of $110.84 and a fifty-two week high of $203.14. The company has a market cap of $13.62 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.80 and a beta of 1.99. 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 (NYSE:BLDR - Get Free Report) last issued its 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. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLDR has been the topic of several analyst reports. Loop Capital lowered their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday. Wedbush reissued an "outperform" rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Royal Bank of Canada decreased their target price 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. The Goldman Sachs Group dropped 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 report on Friday, February 21st. Finally, StockNews.com downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of "Moderate Buy" and a consensus price target of $186.84.

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.