Boston Partners Lowers Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Boston Partners reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 31.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,987,447 shares of the company’s stock after selling 915,660 shares during the period. Boston Partners owned 1.73% of Builders FirstSource worth $285,524,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Horizon Investments LLC increased its stake in Builders FirstSource by 7.9% in the 4th quarter. Horizon Investments LLC now owns 2,091 shares of the company’s stock worth $299,000 after acquiring an additional 153 shares during the last quarter. Axxcess Wealth Management LLC increased its position in shares of Builders FirstSource by 1.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 45,804 shares of the company’s stock valued at $6,547,000 after purchasing an additional 599 shares during the last quarter. Tocqueville Asset Management L.P. increased its position in shares of Builders FirstSource by 42.0% during the 4th quarter. Tocqueville Asset Management L.P. now owns 122,930 shares of the company’s stock valued at $17,570,000 after purchasing an additional 36,359 shares during the last quarter. Cibc World Markets Corp increased its position in shares of Builders FirstSource by 12.8% during the 4th quarter. Cibc World Markets Corp now owns 18,241 shares of the company’s stock valued at $2,607,000 after purchasing an additional 2,076 shares during the last quarter. Finally, Altus Wealth Group LLC increased its position in shares of Builders FirstSource by 7.1% during the 4th quarter. Altus Wealth Group LLC now owns 40,472 shares of the company’s stock valued at $5,785,000 after purchasing an additional 2,690 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $127.79 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The company has a market cap of $14.52 billion, a PE ratio of 14.11, a P/E/G ratio of 0.80 and a beta of 2.19. The business has a 50-day simple moving average of $149.31 and a two-hundred day simple moving average of $166.83. Builders FirstSource, Inc. has a fifty-two week low of $122.49 and a fifty-two week high of $214.70.

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 during the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. As a group, equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Loop Capital cut their price objective on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. BMO Capital Markets lowered their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Royal Bank of Canada lowered their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Benchmark lowered their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Stifel Nicolaus lowered their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

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.