Capital World Investors Reduces Position in Builders FirstSource, Inc. (NYSE:BLDR)

Capital World Investors trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 760,228 shares of the company's stock after selling 55,430 shares during the quarter. Capital World Investors owned approximately 0.66% of Builders FirstSource worth $108,659,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BLDR. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource during the fourth quarter worth about $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource during the fourth quarter worth approximately $34,000. Avion Wealth grew its position in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after buying an additional 306 shares during the last quarter. Mather Group LLC. increased its stake in Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after buying an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in 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 last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Loop Capital cut their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a report on Monday, April 14th. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Stifel Nicolaus decreased their price target on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Royal Bank of Canada cut their price objective 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. Finally, Truist Financial decreased 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. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $186.84.

Builders FirstSource Trading Up 0.4 %

Shares of BLDR stock traded up $0.49 on Friday, reaching $121.40. 819,385 shares of the stock were exchanged, compared to its average volume of 1,680,974. The firm has a 50 day moving average of $127.71 and a two-hundred day moving average of $154.58. Builders FirstSource, Inc. has a 1-year low of $110.84 and a 1-year high of $203.14. 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 stock has a market cap of $13.81 billion, a P/E 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 issued its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS 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.