Harvest Fund Management Co. Ltd Trims Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Harvest Fund Management Co. Ltd cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 93.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 349 shares of the company’s stock after selling 5,143 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Builders FirstSource were worth $50,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Builders FirstSource during the 4th quarter valued at $33,000. Brown Brothers Harriman & Co. purchased a new position in Builders FirstSource during the 3rd quarter valued at $46,000. SBI Securities Co. Ltd. bought a new position in Builders FirstSource in the 4th quarter valued at $34,000. Finally, Avion Wealth increased its stake in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after purchasing an additional 306 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of research analyst reports. Barclays cut their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. The Goldman Sachs Group lowered their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Stifel Nicolaus reduced their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, BMO Capital Markets lowered their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Five analysts have rated the stock with a hold rating, fifteen have given 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 price target of $190.72.

Builders FirstSource Stock Performance

Shares of BLDR opened at $126.42 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm has a market cap of $14.36 billion, a PE ratio of 13.95, a P/E/G ratio of 0.80 and a beta of 2.19. The stock has a fifty day moving average price of $148.43 and a 200-day moving average price of $165.93. Builders FirstSource, Inc. has a 12 month low of $122.49 and a 12 month high of $212.24.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts predict 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.