Marshall Wace LLP Cuts Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Marshall Wace LLP cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 60.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,320 shares of the company’s stock after selling 281,008 shares during the quarter. Marshall Wace LLP owned approximately 0.16% of Builders FirstSource worth $26,488,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLDR. Smartleaf Asset Management LLC boosted its stake in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after purchasing an additional 134 shares in the last quarter. Mountain Lake Investment Management LLC boosted its position in Builders FirstSource by 7.0% during the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock valued at $5,201,000 after acquiring an additional 2,367 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Builders FirstSource by 14.9% in the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock valued at $28,084,000 after acquiring an additional 25,535 shares during the period. Fiera Capital Corp bought a new position in shares of Builders FirstSource in the 4th quarter worth $27,089,000. Finally, Lecap Asset Management Ltd. lifted its stake in shares of Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after purchasing an additional 9,970 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Up 3.4 %

NYSE BLDR opened at $116.94 on Friday. The firm has a 50 day simple moving average of $131.35 and a 200-day simple moving average of $157.24. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.80 and a beta of 1.99. 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, Inc. has a one year low of $110.84 and a one year high of $203.14.

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

Analysts Set New Price Targets

A number of equities analysts have commented on BLDR shares. Raymond James reiterated an “outperform” rating and issued a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Stifel Nicolaus decreased their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Barclays lowered their target price on shares of Builders FirstSource from $165.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group lowered their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Five 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. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and an average target price of $186.84.

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.