Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 93.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 349 shares of the company’s stock after selling 5,143 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Builders FirstSource were worth $50,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in Builders FirstSource by 69.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,437 shares of the company’s stock worth $1,829,000 after purchasing an additional 3,870 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Builders FirstSource by 84.6% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $91,000 after buying an additional 214 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in Builders FirstSource during the third quarter valued at $219,000. Charles Schwab Investment Management Inc. increased its holdings in Builders FirstSource by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company’s stock valued at $152,343,000 after buying an additional 16,000 shares in the last quarter. Finally, Raymond James Trust N.A. acquired a new position in shares of Builders FirstSource in the third quarter worth about $460,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

BLDR has been the subject of several recent analyst reports. Barclays cut their price target on 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 reduced their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Royal Bank of Canada dropped their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. BMO Capital Markets reduced their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research report on Monday, February 24th. Finally, Raymond James reiterated an “outperform” rating and issued a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Stock Down 1.8 %

Shares of NYSE:BLDR opened at $126.42 on Monday. Builders FirstSource, Inc. has a 52-week low of $122.49 and a 52-week high of $212.24. The stock has a market cap of $14.36 billion, a P/E ratio of 13.95, a PEG ratio of 0.80 and a beta of 2.19. The business has a fifty day moving average of $148.43 and a two-hundred day moving average of $165.93. 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 data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. On average, research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.