Yousif Capital Management LLC Sells 34,715 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Yousif Capital Management LLC reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 58.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 25,182 shares of the company’s stock after selling 34,715 shares during the quarter. Yousif Capital Management LLC’s holdings in Builders FirstSource were worth $4,204,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in shares of Builders FirstSource by 80.8% during the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock valued at $243,516,000 after purchasing an additional 874,268 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Builders FirstSource by 30,560.2% during the third quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock valued at $69,506,000 after purchasing an additional 556,501 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Builders FirstSource by 678.1% during the third quarter. Jupiter Asset Management Ltd. now owns 493,071 shares of the company’s stock valued at $61,382,000 after purchasing an additional 429,699 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Builders FirstSource by 19.5% during the third quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock valued at $195,931,000 after purchasing an additional 256,609 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Builders FirstSource by 834.6% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 282,811 shares of the company’s stock valued at $35,207,000 after purchasing an additional 252,551 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Up 1.3 %

Shares of BLDR opened at $187.64 on Friday. The company has a market capitalization of $22.88 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.16 and a beta of 2.04. Builders FirstSource, Inc. has a 52 week low of $90.35 and a 52 week high of $214.70. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The stock’s 50-day moving average price is $195.18 and its 200-day moving average price is $164.58.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 13.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Oppenheimer increased their target price on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. DA Davidson reissued a “neutral” rating and set a $185.00 target price on shares of Builders FirstSource in a research report on Thursday, March 28th. Royal Bank of Canada increased their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, Wedbush increased their target price on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the transaction, the director now owns 28,738 shares of the company’s stock, valued at $5,747,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

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.