Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,293 shares of the company’s stock after selling 136 shares during the quarter. QRG Capital Management Inc.’s holdings in Builders FirstSource were worth $2,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BLDR. Mountaineer Partners Management LLC acquired a new stake in Builders FirstSource during the third quarter valued at approximately $2,099,877,000. FMR LLC lifted its position in shares of Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares during the last quarter. Baillie Gifford & Co. boosted its stake in shares of Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after acquiring an additional 285,458 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Builders FirstSource by 23.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after acquiring an additional 277,897 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Builders FirstSource during the third quarter worth $255,867,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 0.1 %

NYSE:BLDR opened at $139.03 on Friday. The company has a market capitalization of $15.80 billion, a P/E ratio of 15.35, a P/E/G ratio of 0.80 and a beta of 2.12. The stock’s 50 day moving average price is $152.82 and its 200 day moving average price is $170.03. 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 52 week low of $130.75 and a 52 week high of $214.70.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on BLDR. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. The Goldman Sachs Group cut their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Raymond James reiterated an “outperform” rating and set a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Finally, Wedbush restated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.72.

About Builders FirstSource

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.