Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,392 shares of the company's stock after selling 2,045 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Builders FirstSource worth $8,632,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiera Capital Corp purchased a new position in shares of Builders FirstSource in the 4th quarter worth $27,089,000. Lecap Asset Management Ltd. lifted its holdings in shares of Builders FirstSource by 82.6% in the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock valued at $3,151,000 after acquiring an additional 9,970 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in Builders FirstSource in the fourth quarter worth about $405,000. JPMorgan Chase & Co. increased its stake in Builders FirstSource by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company's stock worth $153,766,000 after acquiring an additional 58,436 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in Builders FirstSource during the fourth quarter valued at approximately $1,136,000. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on BLDR shares. The Goldman Sachs Group dropped their target price on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a report on Friday. DA Davidson lifted their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Stifel Nicolaus reissued a "buy" rating and issued a $175.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 8th. Benchmark dropped their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Friday. Finally, Raymond James reiterated an "outperform" rating and set a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a report on Friday. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $196.88.

Builders FirstSource Stock Down 5.0 %

Shares of BLDR stock traded down $7.25 during trading hours on Friday, reaching $137.14. 3,484,890 shares of the company's stock were exchanged, compared to its average volume of 1,656,199. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The company has a market cap of $15.78 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 0.81 and a beta of 2.12. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The stock's 50 day moving average is $154.21 and its 200-day moving average is $170.52.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced 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 company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. Analysts predict that Builders FirstSource, Inc. will post 11.5 earnings per share for the current fiscal year.

About Builders FirstSource

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.