Wellington Management Group LLP Has $322.53 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Wellington Management Group LLP lowered its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 34.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,256,522 shares of the company's stock after selling 1,201,366 shares during the period. Wellington Management Group LLP owned 1.99% of Builders FirstSource worth $322,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. bought a new position in shares of Builders FirstSource during the 3rd quarter valued at $278,000. Townsquare Capital LLC raised its holdings in Builders FirstSource by 11.9% during the third quarter. Townsquare Capital LLC now owns 3,701 shares of the company's stock valued at $718,000 after buying an additional 394 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Builders FirstSource by 23.7% in the third quarter. Captrust Financial Advisors now owns 28,682 shares of the company's stock worth $5,560,000 after buying an additional 5,489 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Builders FirstSource during the 3rd quarter worth about $1,140,000. Finally, Bamco Inc. NY acquired a new position in shares of Builders FirstSource during the 3rd quarter valued at about $36,338,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Up 3.2 %

Shares of NYSE:BLDR traded up $3.87 during midday trading on Friday, hitting $123.69. The company had a trading volume of 2,899,103 shares, compared to its average volume of 1,663,620. Builders FirstSource, Inc. has a 12 month low of $114.70 and a 12 month high of $206.02. The firm has a fifty day simple moving average of $141.46 and a 200 day simple moving average of $162.35. 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 stock has a market cap of $14.05 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.80 and a beta of 1.99.

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Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results 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 company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. On average, analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several analyst reports. Truist Financial reduced their target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. BMO Capital Markets lowered their price target on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective for the company. StockNews.com downgraded Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Finally, Barclays decreased their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of "Moderate Buy" and an average target price of $188.63.

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.