Prudential Financial Inc. Reduces Position in Builders FirstSource, Inc. (NYSE:BLDR)

Prudential Financial Inc. trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 12.8% during the fourth quarter, HoldingsChannel reports. The firm owned 70,480 shares of the company’s stock after selling 10,358 shares during the period. Prudential Financial Inc.’s holdings in Builders FirstSource were worth $10,074,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mountaineer Partners Management LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at approximately $2,099,877,000. Diamond Hill Capital Management Inc. increased its stake in shares of Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after acquiring an additional 623,583 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after acquiring an additional 285,458 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Builders FirstSource by 7.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 976,125 shares of the company’s stock valued at $139,518,000 after acquiring an additional 71,525 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Builders FirstSource by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 833,498 shares of the company’s stock valued at $119,132,000 after acquiring an additional 47,656 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BLDR has been the topic of a number of analyst reports. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Raymond James reiterated an “outperform” rating and issued a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Benchmark reduced their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Barclays lowered their price target on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, Truist Financial reduced 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. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $124.53 on Friday. Builders FirstSource, Inc. has a 52 week low of $122.49 and a 52 week high of $210.00. The company has a fifty day simple moving average of $145.58 and a two-hundred day simple moving average of $164.61. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The company has a market cap of $14.15 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations 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 analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.