Geode Capital Management LLC Sells 63,604 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Geode Capital Management LLC reduced its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,759,354 shares of the company’s stock after selling 63,604 shares during the quarter. Geode Capital Management LLC owned 2.40% of Builders FirstSource worth $393,342,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BLDR. E Fund Management Hong Kong Co. Ltd. purchased a new position in Builders FirstSource in the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. purchased a new position in shares of Builders FirstSource in the fourth quarter worth $34,000. Avion Wealth lifted its holdings in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares in the last quarter. Mather Group LLC. increased its holdings in Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company’s stock worth $71,000 after buying an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after buying an additional 134 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

BLDR opened at $123.69 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.80 and a beta of 2.19. The company has a fifty day moving average of $141.46 and a 200 day moving average of $162.79. Builders FirstSource, Inc. has a fifty-two week low of $114.70 and a fifty-two week high of $206.02.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Barclays reduced their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group decreased their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Builders FirstSource in a research note on Tuesday. They issued a “buy” rating and a $151.00 price target on the stock. BMO Capital Markets dropped their target price on 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. Finally, StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, sixteen 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 price target of $188.63.

Builders FirstSource Company 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.