Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 70.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,093 shares of the company’s stock after selling 74,197 shares during the period. Intech Investment Management LLC’s holdings in Builders FirstSource were worth $4,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLDR. Brooklyn Investment Group acquired a new stake in Builders FirstSource during the 3rd quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource during the 4th quarter worth about $33,000. SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource during the 4th quarter worth about $34,000. Brown Brothers Harriman & Co. acquired a new stake in Builders FirstSource during the 3rd quarter worth about $46,000. Finally, Avion Wealth grew its position in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after purchasing an additional 306 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 0.3 %

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 company’s 50 day simple moving average is $149.31 and its two-hundred day simple moving average is $166.83. Builders FirstSource, Inc. has a 1-year low of $122.49 and a 1-year high of $214.70. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 14.11, 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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BLDR shares. Wedbush restated an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Benchmark dropped 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. Loop Capital dropped their target price on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. BMO Capital Markets dropped their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research report on Monday, February 24th. Finally, StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Five research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.72.

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.