Victory Capital Management Inc. Sells 33,587 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Victory Capital Management Inc. decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 531,308 shares of the company’s stock after selling 33,587 shares during the quarter. Victory Capital Management Inc. owned 0.46% of Builders FirstSource worth $75,940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mountaineer Partners Management LLC bought a new stake in Builders FirstSource during the third quarter worth about $2,099,877,000. FMR LLC lifted its position in Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares during the period. Baillie Gifford & Co. raised its stake in Builders FirstSource by 20.7% during 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 in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Builders FirstSource by 23.5% during 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 in the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new position in Builders FirstSource during the third quarter worth about $255,867,000. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BLDR shares. Stifel Nicolaus lowered their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Barclays lowered their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Raymond James reissued an “outperform” rating and set a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. The Goldman Sachs Group lowered their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $134.14 on Friday. The company has a market capitalization of $15.24 billion, a PE ratio of 14.81, a P/E/G ratio of 0.80 and a beta of 2.12. The company has a 50 day simple moving average of $151.87 and a two-hundred day simple moving average of $169.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a fifty-two week low of $127.45 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. The firm had revenue of $3.82 billion for 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%. Research analysts anticipate 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.