Westpac Banking Corp Trims Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Westpac Banking Corp decreased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BLDR. E Fund Management Hong Kong Co. Ltd. purchased a new position in Builders FirstSource during the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new position in shares of Builders FirstSource during the fourth quarter valued at approximately $34,000. Avion Wealth boosted its stake in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares in the last quarter. Mather Group LLC. increased its holdings in Builders FirstSource by 91.2% during the fourth quarter. Mather Group LLC. now owns 497 shares of the company’s stock valued at $71,000 after buying an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after buying an additional 134 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 3.2 %

NYSE:BLDR opened at $123.69 on Friday. The firm has a market capitalization of $14.05 billion, a P/E ratio of 13.65, a PEG ratio of 0.80 and a beta of 2.19. The company’s fifty day moving average price is $141.46 and its 200-day moving average price is $162.79. Builders FirstSource, Inc. has a 1-year low of $114.70 and a 1-year high of $206.02. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last released 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. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BLDR. Wedbush reaffirmed an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Barclays cut their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. BMO Capital Markets lowered their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a research note on Tuesday. They set a “buy” rating and a $151.00 price objective for the company. Finally, The Goldman Sachs Group lowered their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $188.63.

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.