Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,508 shares of the company’s stock after selling 461 shares during the period. Farther Finance Advisors LLC’s holdings in Builders FirstSource were worth $644,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Mountaineer Partners Management LLC purchased a new stake in shares of Builders FirstSource during the third quarter worth approximately $2,099,877,000. FMR LLC grew its holdings in shares of 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 buying an additional 3,186,876 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of Builders FirstSource by 256,479.8% in the third quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock valued at $128,331,000 after buying an additional 661,718 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Builders FirstSource by 15,533.9% in the fourth quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock worth $92,891,000 after buying an additional 645,746 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in Builders FirstSource by 4,099.0% during the third quarter. Mizuho Securities USA LLC now owns 395,000 shares of the company’s stock worth $76,575,000 after acquiring an additional 385,593 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

BLDR stock opened at $126.20 on Friday. The business’s fifty day moving average price is $149.97 and its 200 day moving average price is $167.51. Builders FirstSource, Inc. has a 12-month low of $122.49 and a 12-month high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $14.34 billion, a PE ratio of 13.93, a P/E/G ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last issued 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. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Benchmark cut their price objective 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. Truist Financial lowered their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Loop Capital reduced their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, February 24th. The Goldman Sachs Group dropped 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. Finally, StockNews.com downgraded shares of 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.