Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 46.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 58,554 shares of the company’s stock after selling 50,832 shares during the period. Franklin Resources Inc. owned 0.05% of Builders FirstSource worth $8,369,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. HighTower Advisors LLC raised its holdings in Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after acquiring an additional 64 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Builders FirstSource by 3.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after buying an additional 64 shares during the last quarter. Integrated Investment Consultants LLC increased its holdings in shares of Builders FirstSource by 0.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after buying an additional 65 shares during the last quarter. TFB Advisors LLC increased its holdings in shares of Builders FirstSource by 2.1% during the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after buying an additional 79 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Builders FirstSource by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company’s stock worth $548,000 after buying an additional 92 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Loop Capital dropped their price objective on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. Royal Bank of Canada dropped their price objective on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group dropped their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Barclays dropped their price objective on Builders FirstSource from $165.00 to $151.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Truist Financial decreased their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $187.89.

Builders FirstSource Price Performance

BLDR opened at $124.77 on Thursday. The company’s 50-day moving average price is $136.34 and its 200 day moving average price is $160.09. Builders FirstSource, Inc. has a fifty-two week low of $110.84 and a fifty-two week high of $203.14. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate 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. As a group, sell-side analysts expect 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.