Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Westpac Banking Corp

Westpac Banking Corp cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 23.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,110 shares of the company’s stock after selling 343 shares during the period. Westpac Banking Corp’s holdings in Builders FirstSource were worth $159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in shares of Builders FirstSource by 8.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company’s stock valued at $225,637,000 after buying an additional 120,400 shares in the last quarter. Trexquant Investment LP acquired a new stake in Builders FirstSource in the 4th quarter valued at $14,780,000. Headlands Technologies LLC purchased a new stake in Builders FirstSource in the 4th quarter worth $218,000. National Bank of Canada FI lifted its holdings in Builders FirstSource by 12.9% during the fourth quarter. National Bank of Canada FI now owns 54,744 shares of the company’s stock valued at $7,825,000 after purchasing an additional 6,264 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its holdings in Builders FirstSource by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock valued at $262,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR stock opened at $123.69 on Friday. Builders FirstSource, Inc. has a 52-week low of $114.70 and a 52-week high of $206.02. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The business has a fifty day moving average of $141.46 and a two-hundred day moving average of $162.79.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analysts Set New Price Targets

BLDR has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. 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 report on Friday, February 21st. BMO Capital Markets lowered their price target on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research note on Monday, February 24th. Benchmark reduced their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Loop Capital dropped their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $188.63.

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.