Vanguard Group Inc. Sells 200,724 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Vanguard Group Inc. cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,707,520 shares of the company’s stock after selling 200,724 shares during the quarter. Vanguard Group Inc. owned 11.91% of Builders FirstSource worth $1,959,216,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mountaineer Partners Management LLC acquired a new position in Builders FirstSource during the third quarter valued at approximately $2,099,877,000. FMR LLC grew its holdings in shares of Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after buying an additional 3,186,876 shares during the period. Proficio Capital Partners LLC increased its position in shares of Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock valued at $92,891,000 after buying an additional 645,746 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after buying an additional 623,583 shares during the period. Finally, World Investment Advisors LLC bought a new position in Builders FirstSource during the third quarter worth about $62,450,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BLDR shares. The Goldman Sachs Group lowered their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Wedbush restated an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada lowered their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Finally, BMO Capital Markets cut their price objective on shares of 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. Five 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Trading Down 1.4 %

NYSE BLDR opened at $129.07 on Thursday. Builders FirstSource, Inc. has a 12 month low of $122.49 and a 12 month high of $211.12. 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 stock has a 50 day moving average of $147.02 and a 200-day moving average of $165.16. The company has a market cap of $14.67 billion, a PE ratio of 14.25, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal 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.