Natixis Advisors LLC Cuts Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Natixis Advisors LLC cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,566 shares of the company's stock after selling 14,576 shares during the period. Natixis Advisors LLC's holdings in Builders FirstSource were worth $3,940,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Brooklyn Investment Group purchased a new position in Builders FirstSource in the third quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource during the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource during the fourth quarter worth $34,000. Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource in the 3rd quarter worth approximately $46,000. Finally, Avion Wealth raised its position in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after buying an additional 306 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several analyst reports. Barclays decreased their price objective on Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Wedbush restated an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Raymond James reissued an "outperform" rating and issued a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $190.72.

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Builders FirstSource Trading Down 1.4 %

BLDR traded down $1.78 on Wednesday, hitting $129.07. The company had a trading volume of 850,919 shares, compared to its average volume of 1,707,788. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm has a market cap of $14.67 billion, a P/E ratio of 14.25, a PEG ratio of 0.80 and a beta of 2.19. The company's fifty day moving average price is $147.67 and its 200 day moving average price is $165.41. Builders FirstSource, Inc. has a 1 year low of $122.49 and a 1 year high of $211.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. As a group, equities analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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.