Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 93.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349 shares of the company's stock after selling 5,143 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Builders FirstSource were worth $50,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BLDR. Brooklyn Investment Group purchased a new position in Builders FirstSource during the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource during the fourth quarter worth $33,000. SBI Securities Co. Ltd. purchased a new position in shares of Builders FirstSource during the fourth quarter worth $34,000. Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource during the third quarter valued at $46,000. Finally, Avion Wealth boosted its holdings in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after purchasing an additional 306 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded down $0.78 during mid-day trading on Tuesday, reaching $130.95. The company's stock had a trading volume of 511,424 shares, compared to its average volume of 1,598,583. The stock has a 50-day moving average of $148.14 and a two-hundred day moving average of $165.68. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a market capitalization of $14.88 billion, a P/E ratio of 14.46, a P/E/G ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 1-year low of $122.49 and a 1-year high of $212.24.

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Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BLDR. Stifel Nicolaus decreased their price objective on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a report on Monday, February 24th. Benchmark decreased their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Truist Financial dropped their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Barclays decreased their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Finally, BMO Capital Markets dropped their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a research report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $190.72.

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.