Russell Investments Group Ltd. Has $36.59 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Russell Investments Group Ltd. cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 219,106 shares of the company's stock after selling 33,330 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of Builders FirstSource worth $36,589,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BLDR. Invesco Ltd. grew its holdings in shares of Builders FirstSource by 80.8% in the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company's stock worth $243,516,000 after acquiring an additional 874,268 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in Builders FirstSource by 30,560.2% during the third quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company's stock valued at $69,506,000 after buying an additional 556,501 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of Builders FirstSource by 678.1% in the third quarter. Jupiter Asset Management Ltd. now owns 493,071 shares of the company's stock worth $61,382,000 after buying an additional 429,699 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Builders FirstSource by 19.5% in the third quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company's stock worth $195,931,000 after buying an additional 256,609 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Builders FirstSource by 834.6% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 282,811 shares of the company's stock worth $35,207,000 after acquiring an additional 252,551 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BLDR has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a "neutral" rating and issued a $185.00 price objective on shares of Builders FirstSource in a research note on Thursday, March 28th. Truist Financial lifted their price objective on Builders FirstSource from $185.00 to $190.00 and gave the company a "hold" rating in a research report on Friday, February 23rd. StockNews.com raised Builders FirstSource from a "hold" rating to a "buy" rating in a research report on Wednesday, February 21st. Barclays raised their price target on Builders FirstSource from $235.00 to $240.00 and gave the stock an "overweight" rating in a research note on Thursday, April 4th. Finally, Jefferies Financial Group increased their price objective on Builders FirstSource from $226.00 to $237.00 and gave the stock a "buy" rating in a report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $190.06.

Builders FirstSource Stock Performance

Builders FirstSource stock traded up $1.53 during mid-day trading on Wednesday, reaching $184.35. The company had a trading volume of 1,418,268 shares, compared to its average volume of 1,239,534. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The firm has a market cap of $22.49 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.16 and a beta of 2.04. The company has a 50 day moving average of $195.34 and a 200-day moving average of $166.72. Builders FirstSource, Inc. has a 52 week low of $92.13 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The business had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.01 billion. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 13.83 EPS for the current fiscal year.

Insider Activity

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the company's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the sale, the director now owns 28,738 shares of the company's stock, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company's stock.

Builders FirstSource Company 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.