Picton Mahoney Asset Management Sells 114,886 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Picton Mahoney Asset Management lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 58.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,201 shares of the company's stock after selling 114,886 shares during the quarter. Picton Mahoney Asset Management owned 0.07% of Builders FirstSource worth $11,749,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BLDR. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource in the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Builders FirstSource in the fourth quarter worth $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource in the fourth quarter worth $34,000. Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource in the third quarter worth $46,000. Finally, Avion Wealth lifted its position in shares of Builders FirstSource by 728.6% in the fourth 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. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

BLDR traded up $0.48 on Wednesday, hitting $128.20. 1,623,887 shares of the stock were exchanged, compared to its average volume of 1,583,485. Builders FirstSource, Inc. has a 12 month low of $122.49 and a 12 month high of $214.70. The business has a 50-day moving average of $149.31 and a two-hundred day moving average of $166.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 0.80 and a beta of 2.19.

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Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share 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 business had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.90 billion. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on BLDR. Stifel Nicolaus cut their price objective 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. Raymond James restated an "outperform" rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Barclays lowered their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Truist Financial decreased their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Benchmark decreased their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Five investment 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. Based on data from MarketBeat.com, Builders FirstSource 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.