Charles Schwab Investment Management Inc. decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 763,249 shares of the company’s stock after selling 107,495 shares during the period. Charles Schwab Investment Management Inc. owned 0.61% of Builders FirstSource worth $103,802,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in BLDR. BOKF NA purchased a new position in shares of Builders FirstSource in the 1st quarter valued at approximately $27,000. Financial Management Professionals Inc. grew its stake in shares of Builders FirstSource by 1,447.1% in the 2nd quarter. Financial Management Professionals Inc. now owns 263 shares of the company’s stock valued at $36,000 after purchasing an additional 246 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Builders FirstSource by 135.3% in the 4th quarter. Advisors Asset Management Inc. now owns 706 shares of the company’s stock valued at $46,000 after purchasing an additional 406 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Builders FirstSource by 89.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 822 shares of the company’s stock valued at $53,000 after buying an additional 388 shares in the last quarter. Finally, Zions Bancorporation N.A. purchased a new stake in shares of Builders FirstSource in the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 94.73% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on BLDR shares. Wedbush restated an “outperform” rating and issued a $175.00 price target on shares of Builders FirstSource in a research note on Thursday, August 3rd. Benchmark lifted their price target on Builders FirstSource from $153.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. BMO Capital Markets boosted their target price on Builders FirstSource from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, August 4th. Truist Financial decreased their target price on Builders FirstSource from $175.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Finally, Royal Bank of Canada decreased their target price on Builders FirstSource from $188.00 to $152.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and an average price target of $140.77.
Builders FirstSource Stock Performance
Builders FirstSource stock opened at $134.46 on Tuesday. The firm has a market capitalization of $16.59 billion, a P/E ratio of 11.41 and a beta of 2.04. The stock has a fifty day moving average price of $121.66 and a 200 day moving average price of $128.59. Builders FirstSource, Inc. has a 52 week low of $59.39 and a 52 week high of $156.85. The company has a current ratio of 1.76, a quick ratio of 1.11 and a debt-to-equity ratio of 0.74.
Builders FirstSource (NYSE:BLDR – Get Free Report) last released its earnings results on Wednesday, November 1st. The company reported $4.24 EPS for the quarter, beating the consensus estimate of $4.05 by $0.19. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.88 billion. Builders FirstSource had a return on equity of 41.27% and a net margin of 9.10%. The business’s quarterly revenue was down 21.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.20 earnings per share. Equities research analysts anticipate that Builders FirstSource, Inc. will post 13.72 earnings per share for the current year.
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, steel roof 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.
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