Intech Investment Management LLC Sells 74,197 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Intech Investment Management LLC cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 70.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,093 shares of the company's stock after selling 74,197 shares during the period. Intech Investment Management LLC's holdings in Builders FirstSource were worth $4,444,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BLDR. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource during the third quarter worth approximately $2,099,877,000. FMR LLC lifted its holdings in shares of Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company's stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in 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 last quarter. Baillie Gifford & Co. lifted its holdings in shares of Builders FirstSource by 20.7% in the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after acquiring an additional 285,458 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Builders FirstSource by 23.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock valued at $282,697,000 after purchasing an additional 277,897 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

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Builders FirstSource Price Performance

NYSE:BLDR traded down $2.34 during trading hours on Friday, hitting $126.42. The stock had a trading volume of 4,153,240 shares, compared to its average volume of 1,599,652. The company has a 50 day simple moving average of $148.43 and a two-hundred day simple moving average of $165.95. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a one year low of $122.49 and a one year high of $212.24.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate 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 forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BLDR shares. Royal Bank of Canada reduced their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Loop Capital decreased their price objective on Builders FirstSource from $205.00 to $190.00 and set a "buy" rating for the company in a report on Monday, February 24th. BMO Capital Markets reduced their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a research report on Monday, February 24th. Stifel Nicolaus decreased their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, Raymond James restated an "outperform" rating and set a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus target price 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.