Essex Investment Management Co. LLC Sells 2,076 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Essex Investment Management Co. LLC cut its position in Builders FirstSource, Inc. (NYSE:BLDR) by 13.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,535 shares of the company’s stock after selling 2,076 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Builders FirstSource were worth $1,935,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mountaineer Partners Management LLC acquired a new position in Builders FirstSource during the 3rd quarter worth approximately $2,099,877,000. FMR LLC raised its stake in Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after buying an additional 3,186,876 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Builders FirstSource by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock valued at $237,753,000 after purchasing an additional 285,458 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after buying an additional 277,897 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Builders FirstSource during the 3rd quarter valued at $255,867,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BLDR shares. Loop Capital dropped their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. The Goldman Sachs Group cut their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Raymond James reiterated an “outperform” rating and issued a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Finally, Truist Financial cut their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Trading Up 0.3 %

Shares of Builders FirstSource stock opened at $134.70 on Monday. The company has a 50 day simple moving average of $151.38 and a two-hundred day simple moving average of $169.08. The firm has a market cap of $15.30 billion, a PE ratio of 14.87, a PEG ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 1 year low of $127.45 and a 1 year high of $214.70. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.