Whittier Trust Co. Sells 11,877 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Whittier Trust Co. trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,753 shares of the company's stock after selling 11,877 shares during the period. Whittier Trust Co. owned 0.09% of Builders FirstSource worth $14,972,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after buying an additional 134 shares during the period. Mountain Lake Investment Management LLC grew its holdings in Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock valued at $5,201,000 after purchasing an additional 2,367 shares during the period. Fisher Asset Management LLC increased its stake in Builders FirstSource by 14.9% in the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after purchasing an additional 25,535 shares in the last quarter. Fiera Capital Corp acquired a new stake in Builders FirstSource in the fourth quarter worth $27,089,000. Finally, Lecap Asset Management Ltd. raised its holdings in Builders FirstSource by 82.6% in the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock worth $3,151,000 after purchasing an additional 9,970 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Truist Financial cut 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. Benchmark lowered their target price on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, Stifel Nicolaus cut their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and an average price target of $190.72.

Builders FirstSource Stock Up 4.1 %

Shares of NYSE BLDR traded up $5.23 during trading hours on Monday, hitting $131.69. The company had a trading volume of 1,371,536 shares, compared to its average volume of 1,598,740. Builders FirstSource, Inc. has a 1-year low of $122.49 and a 1-year high of $212.24. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The firm's 50 day moving average is $148.14 and its 200-day moving average is $165.68. The stock has a market capitalization of $14.96 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion during 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%. On average, analysts expect 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.