Ethic Inc. Lowers Position in Builders FirstSource, Inc. (NYSE:BLDR)

Ethic Inc. trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 50.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,302 shares of the company's stock after selling 4,382 shares during the period. Ethic Inc.'s holdings in Builders FirstSource were worth $615,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource during the fourth quarter worth $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource in the fourth quarter valued at about $34,000. Avion Wealth grew its position in shares of Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after purchasing an additional 306 shares in the last quarter. Mather Group LLC. increased its stake in Builders FirstSource by 91.2% during the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock worth $71,000 after acquiring 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 valued at $74,000 after purchasing an additional 134 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $132.00 target price on shares of Builders FirstSource in a research note on Thursday, May 15th. Robert W. Baird set a $130.00 price objective on shares of Builders FirstSource in a research note on Friday, May 2nd. The Goldman Sachs Group lowered their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Barclays cut their target price on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, Loop Capital decreased their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Six 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. Based on data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus target price of $167.58.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $0.92 during midday trading on Tuesday, reaching $116.68. 245,778 shares of the company traded hands, compared to its average volume of 1,672,245. The firm's fifty day moving average price is $120.40 and its two-hundred day moving average price is $145.83. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 12 month low of $103.81 and a 12 month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the prior year, the business posted $2.65 earnings per share. The company's revenue was down 6.0% on a year-over-year basis. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a stock buyback plan on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

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.