Burney Co. lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 42.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 20,110 shares of the company’s stock after selling 14,588 shares during the period. Burney Co.’s holdings in Builders FirstSource were worth $2,735,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of BLDR. Vanguard Group Inc. boosted its holdings in Builders FirstSource by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock valued at $1,124,428,000 after acquiring an additional 86,484 shares during the period. Wellington Management Group LLP boosted its position in Builders FirstSource by 14.8% in the 1st quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock valued at $727,819,000 after buying an additional 1,455,580 shares during the period. State Street Corp grew its stake in shares of Builders FirstSource by 0.4% in the first quarter. State Street Corp now owns 4,552,723 shares of the company’s stock worth $404,191,000 after acquiring an additional 17,357 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Builders FirstSource by 1.7% in the first quarter. Geode Capital Management LLC now owns 2,138,839 shares of the company’s stock valued at $190,771,000 after acquiring an additional 35,562 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Builders FirstSource by 39.7% during the 4th quarter. Morgan Stanley now owns 1,448,679 shares of the company’s stock worth $93,990,000 after purchasing an additional 411,896 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Truist Financial dropped their price objective on shares of Builders FirstSource from $175.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Royal Bank of Canada cut their price objective on shares of Builders FirstSource from $188.00 to $152.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Tuesday. BMO Capital Markets lifted their target price on Builders FirstSource from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, August 4th. Finally, Barclays decreased their price objective on Builders FirstSource from $200.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.77.
Builders FirstSource Stock Down 4.1 %
BLDR opened at $128.78 on Thursday. Builders FirstSource, Inc. has a one year low of $59.39 and a one year high of $156.85. The company has a market cap of $15.89 billion, a price-to-earnings ratio of 10.93 and a beta of 2.04. The business’s fifty day moving average is $121.97 and its two-hundred day moving average is $128.35. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.11 and a current ratio of 1.76.
Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its earnings results on Wednesday, November 1st. The company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.19. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.88 billion. Builders FirstSource had a net margin of 9.10% and a return on equity of 41.27%. The firm’s quarterly revenue was down 21.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.20 earnings per share. Analysts anticipate that Builders FirstSource, Inc. will post 13.72 EPS for the current fiscal year.
Builders FirstSource Company 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, steel roof 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.
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