Aster Capital Management DIFC Ltd Sells 1,065 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Aster Capital Management DIFC Ltd decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 75.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 344 shares of the company’s stock after selling 1,065 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Builders FirstSource were worth $49,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BLDR. Diamond Hill Capital Management Inc. boosted its stake in Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after purchasing an additional 623,583 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock valued at $237,753,000 after buying an additional 285,458 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Builders FirstSource by 8.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company’s stock worth $225,637,000 after purchasing an additional 120,400 shares during the period. Norges Bank purchased a new position in Builders FirstSource in the 4th quarter worth approximately $199,890,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in Builders FirstSource by 7.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 976,125 shares of the company’s stock worth $139,518,000 after purchasing an additional 71,525 shares during the period. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of analyst reports. Royal Bank of Canada decreased their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Truist Financial reduced their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. BMO Capital Markets reduced their target price 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. Wedbush reissued an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus reduced their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $187.89.

Builders FirstSource Stock Up 9.6 %

BLDR stock opened at $124.77 on Thursday. Builders FirstSource, Inc. has a 1-year low of $110.84 and a 1-year high of $203.14. The business has a fifty day moving average price of $136.34 and a 200-day moving average price of $160.09. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a market capitalization of $14.18 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.