iA Global Asset Management Inc. Reduces Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

iA Global Asset Management Inc. decreased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 96.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,480 shares of the company's stock after selling 37,120 shares during the quarter. iA Global Asset Management Inc.'s holdings in Builders FirstSource were worth $212,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Builders FirstSource in the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new position in Builders FirstSource in the fourth quarter valued at approximately $34,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $46,000. Finally, Avion Wealth boosted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of BLDR traded down $0.77 during trading hours on Tuesday, reaching $130.96. The company had a trading volume of 511,424 shares, compared to its average volume of 1,598,583. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 12-month low of $122.49 and a 12-month high of $212.24. The firm has a 50 day simple moving average of $148.14 and a 200-day simple moving average of $165.68. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

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Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating 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%. Research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLDR has been the topic of several research analyst reports. Raymond James reiterated an "outperform" rating and set a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. The Goldman Sachs Group reduced 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, February 21st. Truist Financial dropped their price target on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Benchmark reduced their price objective on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, BMO Capital Markets lowered their target price 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 research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $190.72.

Builders FirstSource Company 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.