Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Pecaut & CO.

Pecaut & CO. reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,735 shares of the company’s stock after selling 100 shares during the period. Pecaut & CO.’s holdings in Builders FirstSource were worth $963,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BLDR. Mountaineer Partners Management LLC acquired a new position in Builders FirstSource in the third quarter valued at approximately $2,099,877,000. FMR LLC boosted its stake in Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares during the period. Loomis Sayles & Co. L P boosted its stake in Builders FirstSource by 256,479.8% in the third quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock valued at $128,331,000 after acquiring an additional 661,718 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of Builders FirstSource by 15,533.9% during the fourth quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock valued at $92,891,000 after buying an additional 645,746 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after buying an additional 623,583 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BLDR shares. The Goldman Sachs Group cut their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Truist Financial cut their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Stifel Nicolaus cut their price target on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Loop Capital cut their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Raymond James reaffirmed an “outperform” rating and set a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Five investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Price Performance

NYSE BLDR opened at $128.96 on Friday. The stock has a market capitalization of $14.65 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 1 year low of $122.49 and a 1 year high of $214.70. The business’s fifty day moving average is $148.71 and its two-hundred day moving average is $166.30. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results 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 company 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%. On average, research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal 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.