Principal Financial Group Inc. Sells 267,442 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Principal Financial Group Inc. lessened its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 56.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 206,998 shares of the company's stock after selling 267,442 shares during the period. Principal Financial Group Inc. owned approximately 0.17% of Builders FirstSource worth $34,556,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BLDR. Envestnet Portfolio Solutions Inc. increased its holdings in Builders FirstSource by 6.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,848 shares of the company's stock valued at $475,000 after buying an additional 174 shares in the last quarter. QRG Capital Management Inc. boosted its position in Builders FirstSource by 7.1% during the fourth quarter. QRG Capital Management Inc. now owns 9,467 shares of the company's stock worth $1,580,000 after purchasing an additional 627 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Builders FirstSource by 229.8% during the fourth quarter. BNP Paribas Financial Markets now owns 153,384 shares of the company's stock worth $25,606,000 after purchasing an additional 106,881 shares in the last quarter. Donoghue Forlines LLC grew its holdings in Builders FirstSource by 8.7% in the fourth quarter. Donoghue Forlines LLC now owns 9,943 shares of the company's stock valued at $1,660,000 after purchasing an additional 792 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of Builders FirstSource in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Up 1.0 %

Builders FirstSource stock traded up $1.66 during midday trading on Friday, hitting $167.05. 2,130,775 shares of the stock were exchanged, compared to its average volume of 2,075,087. Builders FirstSource, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.45. The firm has a market cap of $20.39 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.48 and a beta of 2.08. The company has a 50 day moving average price of $190.07 and a two-hundred day moving average price of $172.07.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.42 by $0.23. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. Builders FirstSource's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $2.96 EPS. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 13.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BLDR. Bank of America raised shares of Builders FirstSource from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $153.00 to $200.00 in a research note on Monday, January 29th. StockNews.com raised Builders FirstSource from a "hold" rating to a "buy" rating in a report on Wednesday, February 21st. Barclays decreased their price objective on Builders FirstSource from $240.00 to $200.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 8th. Robert W. Baird reduced their target price on shares of Builders FirstSource from $207.00 to $197.00 and set a "neutral" rating on the stock in a report on Wednesday, May 8th. Finally, Wedbush reaffirmed an "outperform" rating and set a $215.00 price target (down from $225.00) on shares of Builders FirstSource in a research note on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $196.27.

Insider Activity

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 28,738 shares of the company's stock, valued at approximately $5,747,600. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company 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.