Boston Partners Trims Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Boston Partners trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR) by 31.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,987,447 shares of the company’s stock after selling 915,660 shares during the quarter. Boston Partners’ holdings in Builders FirstSource were worth $285,524,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of BLDR. Brooklyn Investment Group purchased a new position in shares of Builders FirstSource in the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Builders FirstSource during the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new position in Builders FirstSource during the fourth quarter valued at approximately $34,000. Brown Brothers Harriman & Co. purchased a new position in Builders FirstSource during the third quarter valued at approximately $46,000. Finally, Avion Wealth raised its position in Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after acquiring an additional 306 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BLDR shares. Raymond James reiterated an “outperform” rating and set a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. The Goldman Sachs Group reduced their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Loop Capital reduced their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, February 24th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Stifel Nicolaus cut their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $127.79 on Wednesday. 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 business’s 50 day moving average price is $149.31 and its 200-day moving average price is $166.83. The firm has a market capitalization of $14.52 billion, a PE ratio of 14.11, a P/E/G ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 1 year low of $122.49 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results 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. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource 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.