Prudential Financial Inc. Sells 10,358 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Prudential Financial Inc. lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,480 shares of the company’s stock after selling 10,358 shares during the period. Prudential Financial Inc. owned about 0.06% of Builders FirstSource worth $10,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stevens Capital Management LP bought a new position in Builders FirstSource in the fourth quarter worth about $543,000. LPL Financial LLC raised its stake in shares of Builders FirstSource by 12.6% during the 4th quarter. LPL Financial LLC now owns 287,571 shares of the company’s stock worth $41,103,000 after acquiring an additional 32,121 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Builders FirstSource during the fourth quarter valued at approximately $5,946,000. AXQ Capital LP boosted its stake in Builders FirstSource by 381.9% in the fourth quarter. AXQ Capital LP now owns 8,101 shares of the company’s stock valued at $1,158,000 after acquiring an additional 6,420 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Builders FirstSource by 24.6% in the fourth quarter. Sei Investments Co. now owns 52,381 shares of the company’s stock worth $7,487,000 after purchasing an additional 10,338 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Down 2.7 %

Shares of Builders FirstSource stock opened at $124.53 on Friday. The firm has a 50-day simple moving average of $145.58 and a two-hundred day simple moving average of $164.61. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a fifty-two week low of $122.49 and a fifty-two week high of $210.00. The company has a market cap of $14.15 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last issued 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. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. As a group, equities analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLDR has been the topic of several research analyst reports. Truist Financial dropped their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada cut their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Benchmark lowered their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Raymond James reaffirmed an “outperform” rating and issued a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Finally, Wedbush reissued an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.