Cookson Peirce & Co. Inc. Cuts Position in Builders FirstSource, Inc. (NYSE:BLDR)

Cookson Peirce & Co. Inc. lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 394,546 shares of the company's stock after selling 10,950 shares during the quarter. Builders FirstSource comprises 4.0% of Cookson Peirce & Co. Inc.'s investment portfolio, making the stock its 4th biggest holding. Cookson Peirce & Co. Inc. owned about 0.32% of Builders FirstSource worth $65,866,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BLDR. Fairfield Bush & CO. purchased a new position in Builders FirstSource during the 1st quarter worth approximately $64,000. PNC Financial Services Group Inc. grew its stake in shares of Builders FirstSource by 37.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,329 shares of the company's stock valued at $537,000 after purchasing an additional 2,249 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Builders FirstSource by 7.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 105,236 shares of the company's stock valued at $6,989,000 after purchasing an additional 7,745 shares during the last quarter. LSV Asset Management grew its stake in shares of Builders FirstSource by 4.9% in the 1st quarter. LSV Asset Management now owns 143,900 shares of the company's stock valued at $9,287,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of Builders FirstSource by 106.0% in the 1st quarter. Cibc World Market Inc. now owns 8,339 shares of the company's stock valued at $538,000 after purchasing an additional 4,290 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Builders FirstSource from $184.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, December 19th. Truist Financial raised their price target on Builders FirstSource from $185.00 to $190.00 and gave the company a "hold" rating in a report on Friday, February 23rd. Royal Bank of Canada raised their price target on Builders FirstSource from $186.00 to $211.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Wedbush raised their price target on Builders FirstSource from $175.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, February 12th. Finally, Oppenheimer raised their price target on Builders FirstSource from $220.00 to $242.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $186.93.

Builders FirstSource Price Performance

BLDR stock traded down $2.59 during midday trading on Tuesday, hitting $181.96. 1,652,621 shares of the stock were exchanged, compared to its average volume of 1,234,680. Builders FirstSource, Inc. has a fifty-two week low of $90.10 and a fifty-two week high of $214.70. The stock has a market cap of $22.19 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.16 and a beta of 2.04. The stock's 50-day moving average price is $195.56 and its 200-day moving average price is $162.13. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping analysts' consensus estimates 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. Research analysts predict that Builders FirstSource, Inc. will post 13.84 earnings per share for the current year.

Insider Transactions at Builders FirstSource

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

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.