Los Angeles Capital Management LLC Sells 97,227 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Los Angeles Capital Management LLC reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 94.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,543 shares of the company's stock after selling 97,227 shares during the quarter. Los Angeles Capital Management LLC's holdings in Builders FirstSource were worth $925,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. bought a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. acquired a new position in Builders FirstSource in the 4th quarter worth $29,000. Rock Creek Group LP bought a new position in Builders FirstSource during the 3rd quarter worth about $30,000. Raleigh Capital Management Inc. lifted its holdings in shares of Builders FirstSource by 134.0% in the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company's stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Finally, Huntington National Bank boosted its position in shares of Builders FirstSource by 138.8% during the third quarter. Huntington National Bank now owns 277 shares of the company's stock worth $34,000 after buying an additional 161 shares during the period. Institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BLDR. DA Davidson reaffirmed a "neutral" rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. StockNews.com raised shares of Builders FirstSource from a "hold" rating to a "buy" rating in a research report on Wednesday, February 21st. Robert W. Baird cut their price target on shares of Builders FirstSource from $207.00 to $197.00 and set a "neutral" rating on the stock in a research report on Wednesday. Wedbush restated an "outperform" rating and set a $215.00 price objective (down from $225.00) on shares of Builders FirstSource in a research note on Tuesday. Finally, Truist Financial lowered their target price on Builders FirstSource from $190.00 to $180.00 and set a "hold" rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $196.27.

Insider Transactions at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the 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 completion of the transaction, the director now owns 28,738 shares of the company's stock, valued at approximately $5,747,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Builders FirstSource Price Performance

Shares of BLDR stock traded down $2.30 during trading on Friday, hitting $166.96. The company had a trading volume of 1,874,229 shares, compared to its average volume of 1,388,832. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70. The stock's 50-day moving average is $193.98 and its two-hundred day moving average is $169.12. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 1.22 and a beta of 2.08. 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 announced its earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.42 by $0.23. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The company had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.83 billion. During the same period last year, the firm earned $2.96 EPS. Builders FirstSource's revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts predict that Builders FirstSource, Inc. will post 13.83 EPS for the current fiscal 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.