Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Ostrum Asset Management

Ostrum Asset Management cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,115 shares of the company's stock after selling 2,320 shares during the quarter. Ostrum Asset Management's holdings in Builders FirstSource were worth $445,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BLDR. Norinchukin Bank The lifted its position in Builders FirstSource by 10.1% in the fourth quarter. Norinchukin Bank The now owns 5,380 shares of the company's stock valued at $769,000 after purchasing an additional 492 shares during the period. Ossiam lifted its holdings in shares of Builders FirstSource by 11.3% in the 4th quarter. Ossiam now owns 11,399 shares of the company's stock valued at $1,629,000 after buying an additional 1,161 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Builders FirstSource by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock valued at $319,898,000 after buying an additional 77,666 shares in the last quarter. First Trust Advisors LP grew its holdings in Builders FirstSource by 8.6% during the fourth quarter. First Trust Advisors LP now owns 193,483 shares of the company's stock worth $27,654,000 after acquiring an additional 15,342 shares during the period. Finally, Commerce Bank lifted its holdings in Builders FirstSource by 3.8% in the fourth quarter. Commerce Bank now owns 351,668 shares of the company's stock valued at $50,264,000 after acquiring an additional 12,770 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Trading Up 0.4 %

Shares of NYSE:BLDR traded up $0.49 during trading on Friday, reaching $121.40. 819,387 shares of the stock were exchanged, compared to its average volume of 1,702,397. Builders FirstSource, Inc. has a 12-month low of $110.84 and a 12-month high of $203.14. The firm's 50-day moving average price is $127.71 and its 200 day moving average price is $154.58. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a market cap of $13.81 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating 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 business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BLDR. Truist Financial lowered their target price 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. StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Loop Capital lowered their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada lowered their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.