Marshall Wace LLP Decreases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Marshall Wace LLP cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 60.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 185,320 shares of the company’s stock after selling 281,008 shares during the quarter. Marshall Wace LLP’s holdings in Builders FirstSource were worth $26,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLDR. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Builders FirstSource by 3.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after purchasing an additional 64 shares during the last quarter. Integrated Investment Consultants LLC increased its holdings in Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after buying an additional 65 shares during the last quarter. TFB Advisors LLC increased its holdings in Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after buying an additional 79 shares during the last quarter. HighPoint Advisor Group LLC raised its stake 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 buying an additional 83 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in 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.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Benchmark lowered their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 target price on the stock. Raymond James reaffirmed an “outperform” rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Finally, Barclays cut their price target on Builders FirstSource from $165.00 to $151.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average target price of $186.84.

Builders FirstSource Stock Performance

Shares of BLDR opened at $116.94 on Friday. The firm has a market capitalization of $13.30 billion, a PE ratio of 12.91, a P/E/G 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. The firm has a 50-day moving average price of $131.35 and a 200 day moving average price of $157.24. Builders FirstSource, Inc. has a 52-week low of $110.84 and a 52-week high of $203.14.

Builders FirstSource (NYSE:BLDR) last posted 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. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.