Rhumbline Advisers Sells 6,538 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Rhumbline Advisers trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,426 shares of the company's stock after selling 6,538 shares during the period. Rhumbline Advisers owned 0.18% of Builders FirstSource worth $30,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mountaineer Partners Management LLC bought a new position in Builders FirstSource in the 3rd quarter valued at about $2,099,877,000. FMR LLC grew its position in shares of Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company's stock valued at $1,969,259,000 after purchasing an additional 3,186,876 shares during the last quarter. Baillie Gifford & Co. bought a new position in shares of Builders FirstSource during the third quarter worth approximately $267,132,000. Diamond Hill Capital Management Inc. acquired a new stake in Builders FirstSource during the 3rd quarter worth approximately $255,867,000. Finally, Loomis Sayles & Co. L P boosted its stake in Builders FirstSource by 256,479.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company's stock valued at $128,331,000 after purchasing an additional 661,718 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

NYSE BLDR traded down $7.25 during trading on Friday, hitting $137.14. 3,484,882 shares of the company's stock were exchanged, compared to its average volume of 1,656,072. The company has a market cap of $15.78 billion, a PE ratio of 13.39, a P/E/G ratio of 0.81 and a beta of 2.12. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The stock's 50 day moving average price is $154.79 and its two-hundred day moving average price is $170.61.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.90 billion. Research analysts expect that Builders FirstSource, Inc. will post 11.5 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on BLDR. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Royal Bank of Canada lowered their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a research report on Friday. Barclays cut their price objective on shares of Builders FirstSource from $211.00 to $188.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Stifel Nicolaus reaffirmed a "buy" rating and set a $175.00 target price on shares of Builders FirstSource in a report on Wednesday, January 8th. Finally, Truist Financial dropped their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research report on Friday. Four 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, the company currently has an average rating of "Moderate Buy" and an average target price of $196.88.

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.