Meeder Asset Management Inc. Sells 14,555 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Meeder Asset Management Inc. reduced its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 35.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,395 shares of the company's stock after selling 14,555 shares during the period. Meeder Asset Management Inc.'s holdings in Builders FirstSource were worth $4,406,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BLDR. Alliancebernstein L.P. increased its position in Builders FirstSource by 182.0% in the 2nd quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company's stock worth $313,486,000 after buying an additional 1,487,620 shares during the period. Wellington Management Group LLP increased its position in shares of Builders FirstSource by 14.8% during the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company's stock valued at $727,819,000 after purchasing an additional 1,455,580 shares during the period. Norges Bank bought a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $91,288,000. Invesco Ltd. increased its position in shares of Builders FirstSource by 80.8% during the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company's stock valued at $243,516,000 after purchasing an additional 874,268 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Builders FirstSource by 1,106.4% during the first quarter. Envestnet Asset Management Inc. now owns 844,518 shares of the company's stock valued at $5,183,000 after purchasing an additional 774,515 shares during the period. 95.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BLDR shares. DA Davidson restated a "neutral" rating and set a $185.00 price objective on shares of Builders FirstSource in a research report on Thursday, March 28th. StockNews.com upgraded Builders FirstSource from a "hold" rating to a "buy" rating in a research report on Wednesday, February 21st. Oppenheimer boosted their price objective on Builders FirstSource from $220.00 to $242.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Bank of America upgraded Builders FirstSource from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Finally, Royal Bank of Canada boosted their price target on Builders FirstSource from $186.00 to $211.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $186.93.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the firm's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Builders FirstSource Trading Up 1.7 %

NYSE BLDR traded up $3.39 on Friday, reaching $204.14. The company had a trading volume of 688,286 shares, compared to its average volume of 1,078,464. Builders FirstSource, Inc. has a 52 week low of $84.81 and a 52 week high of $214.70. The stock's 50 day moving average is $193.77 and its 200-day moving average is $158.82. The stock has a market cap of $24.89 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.23 and a beta of 2.04. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The company had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.01 billion. Equities analysts predict that Builders FirstSource, Inc. will post 14.02 earnings per share for the current 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.