Geode Capital Management LLC Has $393.34 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Geode Capital Management LLC cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,759,354 shares of the company's stock after selling 63,604 shares during the period. Geode Capital Management LLC owned approximately 2.40% of Builders FirstSource worth $393,342,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource in the 4th quarter worth $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource in the 4th quarter worth approximately $34,000. Avion Wealth grew its holdings in shares of Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after purchasing an additional 306 shares in the last quarter. Mather Group LLC. increased its position in shares of Builders FirstSource by 91.2% during the fourth quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after purchasing an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after purchasing an additional 134 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BLDR shares. Loop Capital dropped their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, February 24th. BMO Capital Markets cut their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a research note on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective on the stock. Benchmark decreased their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, 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 report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $187.89.

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Builders FirstSource Stock Down 6.0 %

Shares of NYSE:BLDR traded down $7.53 during mid-day trading on Thursday, reaching $117.20. 418,034 shares of the stock were exchanged, compared to its average volume of 1,714,668. The company has a market cap of $13.32 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a one year low of $110.84 and a one year high of $203.14. The stock's 50 day simple moving average is $136.34 and its 200-day simple moving average is $160.09. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. As a group, equities research analysts predict 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.