Cerity Partners LLC Decreases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Cerity Partners LLC decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 28.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 169,557 shares of the company's stock after selling 66,040 shares during the period. Cerity Partners LLC owned approximately 0.15% of Builders FirstSource worth $24,235,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Builders FirstSource in the 4th quarter worth $199,890,000. FMR LLC increased its holdings in shares of Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after purchasing an additional 740,214 shares during the period. Proficio Capital Partners LLC raised its stake in shares of Builders FirstSource by 15,533.9% in the fourth quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock worth $92,891,000 after purchasing an additional 645,746 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after purchasing an additional 623,583 shares during the period. Finally, Baillie Gifford & Co. boosted its position in Builders FirstSource by 20.7% in the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock valued at $237,753,000 after buying an additional 285,458 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

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Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays decreased their price objective on shares of Builders FirstSource from $165.00 to $151.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Truist Financial lowered their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. The Goldman Sachs Group reduced their price objective on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Royal Bank of Canada decreased their price objective on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Finally, StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $187.89.

Builders FirstSource Price Performance

BLDR stock traded down $0.88 during trading on Monday, hitting $120.02. The stock had a trading volume of 285,776 shares, compared to its average volume of 1,676,744. Builders FirstSource, Inc. has a twelve month low of $110.84 and a twelve month high of $203.14. The company's 50-day moving average price is $134.62 and its two-hundred day moving average price is $158.87. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a market capitalization of $13.65 billion, a P/E ratio of 13.25, a PEG ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly 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. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. As a group, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS 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.