Sfmg LLC Sells 700 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Sfmg LLC lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,186 shares of the company’s stock after selling 700 shares during the period. Sfmg LLC’s holdings in Builders FirstSource were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Builders FirstSource in the 3rd quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Builders FirstSource in the 4th quarter valued at $33,000. Brown Brothers Harriman & Co. bought a new stake in Builders FirstSource in the 3rd quarter valued at $46,000. SBI Securities Co. Ltd. bought a new stake in Builders FirstSource in the 4th quarter valued at $34,000. Finally, Avion Wealth raised its stake in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after acquiring an additional 306 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $126.42 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 0.80 and a beta of 2.19. The firm’s 50 day simple moving average is $148.43 and its 200 day simple moving average is $165.97. Builders FirstSource, Inc. has a 1 year low of $122.49 and a 1 year high of $212.24.

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

Analyst Ratings Changes

Several research firms have weighed in on BLDR. BMO Capital Markets lowered their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research report on Monday, February 24th. Barclays dropped their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Truist Financial dropped their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Wedbush restated an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

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.