Groupama Asset Managment Reduces Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Groupama Asset Managment reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,545 shares of the company’s stock after selling 711 shares during the period. Groupama Asset Managment’s holdings in Builders FirstSource were worth $652,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after acquiring an additional 64 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Builders FirstSource by 3.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after purchasing an additional 64 shares in the last quarter. Integrated Investment Consultants LLC raised its holdings in Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after purchasing an additional 65 shares in the last quarter. TFB Advisors LLC boosted its holdings in shares of Builders FirstSource by 2.1% during the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after buying an additional 79 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its position in shares of Builders FirstSource by 5.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock worth $262,000 after buying an additional 83 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $131.16 on Thursday. The firm’s 50 day moving average price is $143.29 and its 200-day moving average price is $163.54. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $14.90 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a twelve month low of $119.65 and a twelve month high of $210.00.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share 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 analysts’ expectations of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BLDR shares. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada cut their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. BMO Capital Markets lowered their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research note on Monday, February 24th. Benchmark cut their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a research report on Tuesday. They issued a “buy” rating and a $151.00 price target for the company. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus target price of $188.63.

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.