Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Summit Global Investments

Summit Global Investments lowered its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 31.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,037 shares of the company's stock after selling 3,721 shares during the period. Summit Global Investments' holdings in Builders FirstSource were worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mountaineer Partners Management LLC acquired a new stake in shares of Builders FirstSource in the third quarter worth $2,099,877,000. FMR LLC raised its stake in shares of Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company's stock valued at $1,969,259,000 after buying an additional 3,186,876 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after buying an additional 623,583 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Builders FirstSource by 20.7% in the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after buying an additional 285,458 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Builders FirstSource by 23.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock worth $282,697,000 after acquiring an additional 277,897 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

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Analyst Ratings Changes

BLDR has been the topic of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Benchmark decreased their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Barclays lowered their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Raymond James reaffirmed an "outperform" rating and issued a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Finally, Truist Financial dropped their price objective on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $190.72.

Builders FirstSource Trading Down 1.4 %

NYSE BLDR traded down $1.78 on Wednesday, reaching $129.07. 851,057 shares of the company were exchanged, compared to its average volume of 1,598,057. 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 business's fifty day moving average price is $147.02 and its 200 day moving average price is $165.16. The stock has a market capitalization of $14.67 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a fifty-two week low of $122.49 and a fifty-two week high of $211.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly 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 firm had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.90 billion. Analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.