Builders FirstSource, Inc. (NYSE:BLDR) Stock Position Reduced by Amalgamated Bank

Amalgamated Bank decreased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,433 shares of the company’s stock after selling 795 shares during the quarter. Amalgamated Bank’s holdings in Builders FirstSource were worth $3,206,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. abrdn plc boosted its position in Builders FirstSource by 3.8% during the third quarter. abrdn plc now owns 38,203 shares of the company’s stock valued at $7,404,000 after purchasing an additional 1,398 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth about $240,000. US Bancorp DE lifted its holdings in shares of Builders FirstSource by 32.8% during the 3rd quarter. US Bancorp DE now owns 15,825 shares of the company’s stock valued at $3,068,000 after buying an additional 3,911 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $39,000. Finally, Cigna Investments Inc. New bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $239,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Wedbush reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. The Goldman Sachs Group decreased their price objective 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. Barclays cut their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Finally, Raymond James reiterated an “outperform” rating and set a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Five research 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’s stock. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $139.03 on Friday. 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 has a market cap of $15.80 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12. The firm has a fifty day moving average price of $152.82 and a two-hundred day moving average price of $170.03. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.90 billion. Analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current 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.