Lindbrook Capital LLC Lowers Position in Builders FirstSource, Inc. (NYSE:BLDR)

Lindbrook Capital LLC cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 27.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 339 shares of the company’s stock after selling 130 shares during the quarter. Lindbrook Capital LLC’s holdings in Builders FirstSource were worth $48,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Mountaineer Partners Management LLC purchased a new stake in Builders FirstSource in the third quarter worth about $2,099,877,000. FMR LLC lifted its stake in Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares during the period. Baillie Gifford & Co. lifted its stake in Builders FirstSource by 20.7% in the fourth 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. Massachusetts Financial Services Co. MA lifted its stake in Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after acquiring an additional 277,897 shares during the period. Finally, Diamond Hill Capital Management Inc. bought a new position in Builders FirstSource in the third quarter worth about $255,867,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Barclays reduced their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, February 24th. The Goldman Sachs Group reduced their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Truist Financial reduced their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Benchmark reduced their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Five research 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. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $134.70 on Friday. The business’s 50 day moving average price is $151.38 and its 200 day moving average price is $169.04. The firm has a market cap of $15.30 billion, a P/E ratio of 14.87, a P/E/G ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 52 week low of $127.45 and a 52 week high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating 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%. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.